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:

Groupthink

A behavior pattern observed in groups in which the need for unity or agreement leads to unwise or flawed decisions.

Deindividuation

A psychological state of decreased self-evaluation and decreased evaluation apprehension causing anti-normative and disinhibited behavior.

Self-restraint

The ability to control one's emotions, desires, or actions through one's own will.

Cognitive Dissonance

The uneasiness experienced due to harboring more than one contradictory belief, idea, or value in tandem.