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This Database Essential Retrieves Data from a Database

question 40

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This database essential retrieves data from a database.

Gain insights on enhancing the credibility of estimating the benefits of training programs and understanding why cost-effectiveness calculations are considered both art and science.
Differentiate between cost-effectiveness evaluation and cost-benefit evaluation in the context of training programs.
Recognize the importance for trainers and HR professionals to calculate and demonstrate the financial results of training and development investments.
Understand the reasons why managers might avoid the costing process in training and how senior management can encourage the incorporation of costing and quantifiable benefits in training programs.

Definitions:

Ultra Vires

Acts or decisions made by an entity that are beyond the scope of powers granted by its constitution or laws.

Articles of Incorporation

Legal document filed with a governmental entity to legally establish a corporation.

Incorporator

The person or entity that files the incorporation papers with the state to legally form a corporation.

Domestic Corporation

A corporation in the state in which it is incorporated.

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