Question

Utility refers to: a. the costs incurred for a training program. b. the usefulness of a training program. c. the benefits derived from training relative to the costs incurred. d. training effectiveness in terms of increased outcomes.

Answer 1

Answer:

c. the benefits derived from training relative to the costs incurred.

Explanation:

The word "utility" is a reference to the benefits of a project or proposal in relation to the monetary costs involved in carrying out this project. In other words, the benefits an individual will earn from the project will be proportional to the amount that the individual will pay to participate in the project.

Answer 2

Answer:

C

Explanation:

Utility denotes the usefulness of a good or service; however, it could be  the ability to gain or not to gain from a decision based on individual preferences. Utility is the want-satisfying "power" of any commodity or the capacity of a commodity to give satisfaction