Question: If a training program is expected to reduce the amount of scrap in the production of a product, then a cost-benefit evaluation would indicate how

If a training program is expected to reduce the amount of scrap in the production of a product, then a cost-benefit evaluation would indicate how much the training program cost and the amount or percentage reduction in scrap. On the other hand, a cost-effectiveness evaluation would calculate the monetary value of the reduction in scrap.

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