A) Briefly Describe the Three Methods Presented in the Textbook

question 32

Essay

a) Briefly describe the three methods presented in the textbook for calculating the financial benefits of training and development programs (not including utility analyses).?b) For each method, calculate the financial value of the training program if the benefit is $10,000 and the cost of the program is $6,000.

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Definitions:

Warehousing

The act of storing goods that will be sold or distributed later, involving a wide range of activities including holding, handling, and managing inventory.

Airfreight

The transportation of goods by aircraft, often used for moving high-value or time-sensitive products over long distances quickly.

Accessibility

The ease with which people can reach, enter, or access a place, product, or service, often considering those with disabilities.

Supply Chain

The entire system comprising people, organizations, resources, processes, and technology that participate in producing and selling a good, starting from supplying raw materials to manufacturing and eventually reaching the consumer.