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Study sets matching "term:cost analysis = comparison of costs and benefits associated with training"

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Study sets matching "term:cost analysis = comparison of costs and benefits associated with training"

13 terms
Chapter 12: The Costs and Benefits of Training Programs
Costing
Direct costs
Indirect costs
Development costs
The process of identifying all the expenditures used in train…
Costs that are linked directly to a particular training progr…
Costs that support training activities and are not directly l…
Costs that are incurred in the development of a training prog…
Costing
The process of identifying all the expenditures used in train…
Direct costs
Costs that are linked directly to a particular training progr…
41 terms
Cost Benefit Analysis (CBA)
CBA
CBA Equation
Review of health care literature
CBA
Economic analysis that assesses whether the outcome (BENEFIT)…
Value of resources consumed/Value of the outcome
Prevention strategies (58%)... Pharmaceuticals (25%)... Education &…
Grounded in welfare theory (societal impact of irrigating, fl…
CBA
Economic analysis that assesses whether the outcome (BENEFIT)…
CBA Equation
Value of resources consumed/Value of the outcome
13 terms
T&D Chapter 12: The costs of benefits of training programs
Benefit-cost ratio (BCR)
Break even anaylsis
Cost effectiveness evaluation
Cost benefit evaluation
The benefit divided by the cost of the training program
Finding the value at which benefits equal costs and utility i…
A comparison of the monetary cost of training to the benefit…
a comparison of the cost of training in monetary terms to be…
Benefit-cost ratio (BCR)
The benefit divided by the cost of the training program
Break even anaylsis
Finding the value at which benefits equal costs and utility i…
15 terms
AU 67 Ch 6 Using Cost-Benefit Analysis in Product Development
Cost/Benefit Analysis
As part of its product development dec…
A cost-benefit analysis involves 3 ste…
An insurer considers both monetary & n…
a study that compares the likely costs of a product or servic…
-mission statement & strategic goals... -company structure... -stat…
1. Identify & quantify all potential costs associated with th…
estimated costs associated with product development
Cost/Benefit Analysis
a study that compares the likely costs of a product or servic…
As part of its product development dec…
-mission statement & strategic goals... -company structure... -stat…
1.2 making economic decision
Trade off
Opportunity cost
Marginal cost
Marginal benefits
The alternative you face when you decide to do one thing rath…
The cost of the next best use of your time or money
The cost of producing one additional unit of output
The extra benefits associated with an action
Trade off
The alternative you face when you decide to do one thing rath…
Opportunity cost
The cost of the next best use of your time or money
161 terms
CDFM Module 2: Budget and Cost Analysis; Competency Area 2: Cost and Economic Analysis
The Defense Acquisition System is the…
What are the appropriations that may b…
What is the acquisition approach that…
What is the term used to describe doll…
Cost, Schedule, and Performance risks
RDT&E, Procurement, O&M, MILCON, and MILPERS
Evolutionary acquisition
Base year dollars or Constant year dollars
The Defense Acquisition System is the…
Cost, Schedule, and Performance risks
What are the appropriations that may b…
RDT&E, Procurement, O&M, MILCON, and MILPERS
23 terms
Pharmacoeconomics T1 L1
cost minimization analysis
cost minimization analysis
cost minimization analysis
cost minimization analysis
used to compare costs between interventions when the outcomes…
cannot be used when outcomes of interventions are different
ex - comparing two generics that FDA rates as equivalent but…
not appropriate to compare different med classes using this i…
cost minimization analysis
used to compare costs between interventions when the outcomes…
cost minimization analysis
cannot be used when outcomes of interventions are different
12 terms
HRM Chapter 7
Training
Needs assessment
Organization Analysis
Person Analysis
-An organization's planned efforts to help employees acquire…
process of evaluating the organization, individual employees,…
-Process for determining appropriateness of training by evalu…
-process of determining individual's needs and readiness for…
Training
-An organization's planned efforts to help employees acquire…
Needs assessment
process of evaluating the organization, individual employees,…
46 terms
Cost effective Analysis Chapter 5
Cost effective analysis measures cost in
Advantage of a CEA
disadva. of of CEA
you can not measure outcomes associate…
dollars and outcomes in natural units that indicate an improv…
is that they can use health units that are more commonly used…
outcomes have to be measured in the same clinical unity
asthma and blood pressure ... - the units must be the same
Cost effective analysis measures cost in
dollars and outcomes in natural units that indicate an improv…
Advantage of a CEA
is that they can use health units that are more commonly used…
48 terms
GFEBS L230E Cost Management Process Overview
Direct Cost
Indirect Cost
Funded Cost
Unfunded Cost
A cost such as labor, materials, or supplies that can be trac…
A cost that cannot be traced directly to a specific organizat…
The value of goods or services received because of an obligat…
A cost that is financed by another organization's or activity…
Direct Cost
A cost such as labor, materials, or supplies that can be trac…
Indirect Cost
A cost that cannot be traced directly to a specific organizat…
9 terms
GOVERNMENT FINANCE- Chapter 8- Cost Benefit analyst
Cost-benefit analysis
Accounting Costs
Economic Costs
Social Marginal Costs (SMC)
The comparison of costs and benefits of public goods projects…
calculates costs solely by adding up what the government pays…
costs associate with diverting resources from their next best…
Marginal social cost (MSC) is the total cost society pays for…
Cost-benefit analysis
The comparison of costs and benefits of public goods projects…
Accounting Costs
calculates costs solely by adding up what the government pays…
11 terms
Cost, Revenue, and Profit Maximization
fixed cost
overhead
variable cost
total cost
a business expense that is not dependent on the level of good…
a broad category of fixed costs that includes interest rent t…
a production cost that varies as output changes; (examples: l…
all costs associated with production; variable costs plus fix…
fixed cost
a business expense that is not dependent on the level of good…
overhead
a broad category of fixed costs that includes interest rent t…
16 terms
383 CH 8
training
benefits of strategic training
knowledge management
training as a revenue source
A process whereby people acquire capabilities to aid in the a…
A process whereby people acquire capabilities to aid in the a…
Is identifying and leveraging intellectual capital to create…
Marketing training with or alongside products can contribute…
training
A process whereby people acquire capabilities to aid in the a…
benefits of strategic training
A process whereby people acquire capabilities to aid in the a…
Training Human Resources - 8
Training
knowledge management
performance consulting
orientation
process whereby people acquire capabilities to perform jobs
the way an organization identifies and leverages knowledge in…
process in which a trainer and an organization work together…
planned introduction of new employees to their jobs, coworker…
Training
process whereby people acquire capabilities to perform jobs
knowledge management
the way an organization identifies and leverages knowledge in…
56 terms
Discounting and Costs/Benefits
marginal user cost
discount rate
when does discounting matter and what…
intergenerational equity
an extra cost of extracting nonrenewable resources that repre…
includes pure rate of time preference and opportunity cost of…
discounting matters if costs and benefits occur over time. Th…
concerns of the use of discounting to compare costs and benef…
marginal user cost
an extra cost of extracting nonrenewable resources that repre…
discount rate
includes pure rate of time preference and opportunity cost of…
18 terms
PharmEcon Definitions
Cost benefit analysis
Cost effectiveness analysis
Cost minimization analysis
Cost utility analysis
A method used to measure both costs and outcomes in monetary…
Measures outcomes in natural units (mmHg)... Ex: cholesterol lev…
The simplest to conduct because the outcomes are assumed to b…
Measures outcomes based on years of life that are adjusted by…
Cost benefit analysis
A method used to measure both costs and outcomes in monetary…
Cost effectiveness analysis
Measures outcomes in natural units (mmHg)... Ex: cholesterol lev…
Opportunity Cost
trade-off
opportunity cost
"guns or butter"
cost/benefit analysis
the act of giving up one benefit in order to gain another
The most desirable alternative given up as the result of a de…
a phrase that refers to the trade-offs that nations face when…
A comparison of estimated costs and benefits of actions
trade-off
the act of giving up one benefit in order to gain another
opportunity cost
The most desirable alternative given up as the result of a de…
85 terms
Chapter 5
Training
Training Myths
Training vs. Development
T or F - students are more successfull…
the process whereby people acquire capabilities to perform jo…
1. learning styles ... 2. the more they like it, the more they l…
training:... -current job, individual employees, immediate, fix…
False - the most effective way to learn is based not on indiv…
Training
the process whereby people acquire capabilities to perform jo…
Training Myths
1. learning styles ... 2. the more they like it, the more they l…
19 terms
Chapter 5 TRAINING & DEVELOPMENT
Training
Development
Learner Readiness
Reinforcement
Used to acquire capabilities. Referred to as teaching specifi…
To provide knowledge and understanding that will enable peopl…
Ability to learn (Must possess basic skills)... Motivation to le…
LAW OF EFFECT*... States that people tend to repeat behaviors th…
Training
Used to acquire capabilities. Referred to as teaching specifi…
Development
To provide knowledge and understanding that will enable peopl…
22 terms
Chapter 1: Cost Accounting: Information for Decision Making
value chain
value-added activities
supply chain
distribution chain
set of activities that transforms raw resources into the good…
those activities that customers perceive as adding utility to…
set of firms and individuals that sells goods and services to…
set of firms and individuals that buys and distributes goods…
value chain
set of activities that transforms raw resources into the good…
value-added activities
those activities that customers perceive as adding utility to…
40 terms
Budgets and Cost Analysis: Chapter 13
Personal Budget
budget
Line item budget
Components of LIB: staff pattern costs
individuals financial plan that allocates future personal inc…
costs inured in the implementation of an objective (research…
organizes expenditures by line item category is the simplest…
replicates staff patterns... have consultant to determine staffi…
Personal Budget
individuals financial plan that allocates future personal inc…
budget
costs inured in the implementation of an objective (research…
17 terms
HRIR Chapter 8 - Training
Knowledge Management
Orientation
Self-efficiency
Adult Learning
The way an organization identifies and leverages knowledge to…
Planned introduction of new employees to their jobs, coworker…
People's belief that they can successfully learn the training…
Ways in which adults learn differently than younger people
Knowledge Management
The way an organization identifies and leverages knowledge to…
Orientation
Planned introduction of new employees to their jobs, coworker…
36 terms
ECON UNIT 5: COST-BENEFIT ANALYSIS
Impact Analysis
Cost Effectiveness Analysis
Cost-Benefit Analysis
Environmental Valuation
Lists but does not quantify ($) the costs and benefits associ…
Concerned with finding the lowest cost method--not always the…
Satisfies dynamic efficiency criterion.... Computes $ values fo…
Determined by people's willingness to make trade-offs (WTP fu…
Impact Analysis
Lists but does not quantify ($) the costs and benefits associ…
Cost Effectiveness Analysis
Concerned with finding the lowest cost method--not always the…
33 terms
Training
training
benefits of strategic training
organizational competitiveness and tra…
when is training effective?
an organizations planned efforts to help employees acquire jo…
HR an trainers partner with operation managers to solve probl…
training makes organizations more competitive... training helps…
teaches what it was designed to... see growth in employees or pr…
training
an organizations planned efforts to help employees acquire jo…
benefits of strategic training
HR an trainers partner with operation managers to solve probl…
103 terms
CDFM Module 2: Budget and Cost Analysis
What are the three phases of the PPBE?
Name of the automated database that su…
Title of the final document of the pla…
Who serves as the chairman of the Nati…
Planning, Programming and Budgeting
FYDP
Join Programming Guidance
President
What are the three phases of the PPBE?
Planning, Programming and Budgeting
Name of the automated database that su…
FYDP
42 terms
Cost Acc Chapter 1
value chain
components of the value chain
value added activities
supply chain
set of activities that transforms raw materials and resources…
R&D, design, purchasing, production, marketing, distribution,…
those activities that customers perceive as adding utility to…
set of firms and individuals that sells goods and services to…
value chain
set of activities that transforms raw materials and resources…
components of the value chain
R&D, design, purchasing, production, marketing, distribution,…
60 terms
Cost Accounting Chapter 1 & 2 Vocab
Activity-based costing (ABC)
Administrative Costs
Benchmarking
Budget
Costing method that firsts assigns costs to activities & then…
Costs required to manage the organization & provide staff sup…
Continual process of measuring a company's own products, serv…
Financial Plan of the revenues & resources needed to carry ou…
Activity-based costing (ABC)
Costing method that firsts assigns costs to activities & then…
Administrative Costs
Costs required to manage the organization & provide staff sup…
17 terms
Ch 8 - Training
Training
Knowledge management
Self-efficacy
Adult learning
Process wherby people acquire capabilities to perform jobs.
The way an organization identifies and leverages knowledge to…
People's belief that they can successfully learn the training…
Ways in which adults learn differently than younger people.
Training
Process wherby people acquire capabilities to perform jobs.
Knowledge management
The way an organization identifies and leverages knowledge to…
22 terms
Ch. 10: Standard Costing and Analysis of Direct Costs
Standard Cost
Cost variance
Management by Exception
Task Analysis
A predetermined cost for the production of goods and services…
The difference between actual and standard cost
A managerial technique in which only significant deviations f…
Setting standards by analyzing the production process
Standard Cost
A predetermined cost for the production of goods and services…
Cost variance
The difference between actual and standard cost
45 terms
Training and Development: Chapter 6
Training Effectiveness
Training Outcomes (or Criteria)
Training Evaluation
Evaluation Design
The benefits that the company and trainees receive from train…
Masures that the trainer and the company use to evaluate trai…
The process of collecting the outcomes needed to determine wh…
The collection of information (what, when, how, and from who)…
Training Effectiveness
The benefits that the company and trainees receive from train…
Training Outcomes (or Criteria)
Masures that the trainer and the company use to evaluate trai…
9 terms
Green Jobs & Economics
Cost benefit analysis
Energy Efficiency
Sustainability
Short Term Benefits
A process that weighs the total expected costs against the to…
Saves money and energy as compared to non-energy efficient pr…
Ensuring that the needs of the present are met so that the ne…
The initial benefits associated with a project.
Cost benefit analysis
A process that weighs the total expected costs against the to…
Energy Efficiency
Saves money and energy as compared to non-energy efficient pr…
20 terms
Basic Cost Concepts - ch 6
what is cost?
fixed costs
discretionary fixed costs
capacity fixed costs
reduction of an asset, generally for the ultimate purpose of…
remain constant in the short run, even when sales varies
don't affect the selling capacity of a business
relate to a firms ability to provide goods & services
what is cost?
reduction of an asset, generally for the ultimate purpose of…
fixed costs
remain constant in the short run, even when sales varies
23 terms
week 9 : 3/12 - 3/18
Convertible
Corporate Governance
Correlation
Cost (noun)
Securities (bonds or preferred stock) issued by companies whi…
The set of rules, processes, policies and/or laws by which an…
The extent or degree of statistical association among two or…
1. In management accounting, a measurement in monetary terms,…
Convertible
Securities (bonds or preferred stock) issued by companies whi…
Corporate Governance
The set of rules, processes, policies and/or laws by which an…
24 terms
Chapter 1 Managerial Cost Accounting
Activity-based costing (ABC)
Benchmarking
Budget
Cost Accounting
Costing method that first assigns costs to activities and the…
Continual process of measuring a company's own products, serv…
Financial plan of the revenues and resources needed to carry…
Field of accounting that measures, records, and reports infor…
Activity-based costing (ABC)
Costing method that first assigns costs to activities and the…
Benchmarking
Continual process of measuring a company's own products, serv…
18 terms
1604-C Contract Cost Principles
Cost analysis
Cost analysis
demand pricing, buy in, penetration, a…
TINA
_________________ is required when certified cost or pricing…
_______________ may be used to determine cost reasonableness…
Four types of pricing strategies are:
In the absence of normal market forces _______ will apply
Cost analysis
_________________ is required when certified cost or pricing…
Cost analysis
_______________ may be used to determine cost reasonableness…
16 terms
Cost Final - Chapter 11
2 characteristics of relevant informat…
2 types of sunk costs
incremental revenue and cost
differential revenue and cost
1. occurs in the future... 2. differs among alternatives courses…
depreciation... inventory
additional revenue or cost incurred for an activity
difference in total revenue and total cost between two altern…
2 characteristics of relevant informat…
1. occurs in the future... 2. differs among alternatives courses…
2 types of sunk costs
depreciation... inventory
15 terms
Cost Accounting Chapter 9: Corporate Costs and Customers
Corporate Costs
Divisional Costs
Relevance
Relevant
costs that are analogous to facility level costs; those for w…
costs that are traceable to entire divisions of the company,…
information has relevance if it is expected to be needed by u…
information is relevant to decision making when it is future…
Corporate Costs
costs that are analogous to facility level costs; those for w…
Divisional Costs
costs that are traceable to entire divisions of the company,…
20 terms
Economic eval
Cost
Price
Total cost
Average
Associated with money to buy a particular good jt service
Associated with offering supply for sale
Measure all cost entained in producing in a given output
Measure of total cost associated with each unit of output
Cost
Associated with money to buy a particular good jt service
Price
Associated with offering supply for sale
18 terms
MNGT 361: Ch 8 Vocab
Training
Knowledge management
Orientation
Self-efficacy
process whereby people acquire capabilities to perform jobs
the way an organization identifies and leverages knowledge to…
planned introduction of new employees to their jobs, coworker…
people's belief that they can successfully learn the training…
Training
process whereby people acquire capabilities to perform jobs
Knowledge management
the way an organization identifies and leverages knowledge to…
41 terms
Organization
M & A
R & D
EBITDA
Chain of Command
Mergers & Acquisitions
Research & Development
Earnings before interest, taxes and depreciation
The line of authority within an organization
M & A
Mergers & Acquisitions
R & D
Research & Development
35 terms
Cost Accounting; Information for Decision Making: Chapter 1
Value Chain
Components
Value-added Activities
Supply Chain
The set of activities that transforms raw resources into the…
Research & Development, Design, Purchasing, Production, Marke…
Activities that the firms in the chain perform are those that…
Firms buy resources from suppliers (other companies, employee…
Value Chain
The set of activities that transforms raw resources into the…
Components
Research & Development, Design, Purchasing, Production, Marke…
22 terms
Pharmacoeconomics/Health Policy Exam 1
Economic analysis method used to measu…
Advantages of Cost Benefit Analysis
Disadvantages of Cost Benefit Analysis
What is considered beneficial?
Cost Benefit Analysis
Use ratio to determine if costs exceed benefits and to what d…
Difficult to assign monetary values to quality based outcomes
Benefit > Cost
Economic analysis method used to measu…
Cost Benefit Analysis
Advantages of Cost Benefit Analysis
Use ratio to determine if costs exceed benefits and to what d…
16 terms
Training Human Resources - 8
Training
knowledge management
performance consulting
orientation
process whereby people acquire capabilities to perform jobs
the way an organization identifies and leverages knowledge in…
process in which a trainer and an organization work together…
planned introduction of new employees to their jobs, coworker…
Training
process whereby people acquire capabilities to perform jobs
knowledge management
the way an organization identifies and leverages knowledge in…
60 terms
intro to pharmacoeconomics
economic
how do we make choices?
clinical effectiveness
balancing act
the science that deals with the production, distribution, and…
limited resources... unlimited wants
this is the most important factor when incorporating new medi…
weighing pharmacy product/service... cost vs outcomes
economic
the science that deals with the production, distribution, and…
how do we make choices?
limited resources... unlimited wants
65 terms
Planning Project Costs
Activities involved in effective cost…
Cost management processes
plan cost management
estimate costs
-working out what resources required to complete activities w…
-plan cost management... -estimate costs... -determine budget... -cont…
-establishing all procedures and policies that should be foll…
-forecasting what each project activity will cost based on re…
Activities involved in effective cost…
-working out what resources required to complete activities w…
Cost management processes
-plan cost management... -estimate costs... -determine budget... -cont…
15 terms
Civics Ch. 18 "What is Economics?"
scarcity
needs
wants
economic models
the basic economic problem that occurs because people have un…
required for survival, such as food, clothing, shelter
are things we would like to have, such as video games, vacati…
are simplified representations of the real world that are use…
scarcity
the basic economic problem that occurs because people have un…
needs
required for survival, such as food, clothing, shelter
26 terms
Accounting 2 - Ch 4 Planning: Operating Activities
Batch-related cost
Breakeven point
Contribution margin
Contribution margin per unit
A cost that varies with the number of batches regardless of h…
The point where the total cost line intersects the total reve…
Total sales less total variable costs at a given level of act…
The selling price per unit less the variables costs at a give…
Batch-related cost
A cost that varies with the number of batches regardless of h…
Breakeven point
The point where the total cost line intersects the total reve…
19 terms
Chapter 8 Training Human Resources
Training
Training Contracts
Knowledge Management
Orientation
Process whereby people acquire capabilities to perform jobs.
To protect the cost and time invested in specialized employee…
The way an organization identifies and leverages knowledge to…
Planned introduction of new employees to their jobs, coworker…
Training
Process whereby people acquire capabilities to perform jobs.
Training Contracts
To protect the cost and time invested in specialized employee…
8 terms
Pg 503 vocabulary
Trade-off
Opportunity cost
Marginal cost
Marginal benefit
The alternative you face if you decide to do one thing rather…
The cost of the next best alternative use of time and money w…
The additional opritunity cost associated with an action
The additional opritunity benefits associated with an action
Trade-off
The alternative you face if you decide to do one thing rather…
Opportunity cost
The cost of the next best alternative use of time and money w…
118 terms
Cost Acct
Value Chain
Supply Chain
Distribution Chain
Cost-Benefit Analysis
set of activities that transforms raw resources into goods an…
set of firms and individuals that sells goods and services to…
set of firms and individuals that buys and distributes goods…
process of comparing benefits with costs associated with a pr…
Value Chain
set of activities that transforms raw resources into goods an…
Supply Chain
set of firms and individuals that sells goods and services to…
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