A Training Program Is Expected to Cost $1,000 and the "Gross

question 54

True/False

A training program is expected to cost $1,000 and the "gross benefit" of the program is $2,000. Given that the return on investment in this scenario is positive, management should NOT invest in this program.

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Definitions:

Abstraction

The process of removing physical, specific details to focus on ideas or concepts at a more general, simplified level.

Real Thing

An authentic object or concept, as opposed to an imitation or reproduction.

Likert Scale

An interval scale on which respondents record their reactions to statements by checking their level of agreement between, for example, “strongly agree” and “strongly disagree.”

Ordinal

Scales with some measure of progression such as “Freshman, Sophomore, Junior, Senior.”