Which of the following statements best describes the concept of cost-effectiveness?

A) compares costs of training in dollars to benefits in dollars
B) compares non-dollar cost of training to non-dollar benefits
C) provides a ratio of net benefits to training costs, divided by the number of participants
D) compares net monetary cost of training to net benefits in non-monetary terms

Cost-Effectiveness

The measure of how economically resources are used to achieve desired outcomes, often evaluated in terms of the results produced per unit of cost.

Net Monetary Cost

The total amount of money expended minus any financial gains, typically used to assess the total cost of an investment or purchase.

Training Costs

Expenses associated with the development, delivery, and materials needed for training programs, including instructor fees, technology, spaces, and resources.