Once the Costs and Benefits of the Training Program Are

question 48

True/False

Once the costs and benefits of the training program are determined,ROI is calculated by dividing return or benefits by costs.

---

Definitions:

Managerial Accounting

The practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the purpose of achieving organizational goals.

Decision Makers

Individuals or groups responsible for making choices or decisions within an organization, typically affecting its strategy or operations.

Plant Manager's Salary

A fixed cost representing the compensation paid to the individual responsible for overseeing the operations of a manufacturing facility.

Indirect Cost

Expenses not directly tied to a specific product or service, often including administrative and facility costs.