How Can an Organization Determine Whether Its Training Expenditures Are

question 102

Essay

How can an organization determine whether its training expenditures are cost effective?

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Definitions:

Fair

An event characterized by the exhibition and sale of goods or the display of entertainment, or the adherence to equitable principles in judgments and treatments.

Collective Decision Making

The process in which a group, rather than an individual, makes a choice or judgment after considering various alternatives.

Economic Questions

Fundamental queries regarding how societies allocate scarce resources to produce goods and services for consumption, including what, how, and for whom to produce.

Allocation of Resources

The process of distributing available resources among various competing needs or uses to achieve desired objectives.