Ultimate eLearning terms you should know: Part 2 (M-Z)

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ROI (return on investment): A ratio of the profit accrued by an investment versus the cost of the investment. Self-paced learning: Asynchronous instruction that allows learners to control the pace and timing of their progress through course materials. Once a specification has been recognized by an official body, it becomes a standard, like AICC , SCORM or Tin Can xAPI. Popular eLearning content standards include AICC, SCORM and xAPI.

The Ultimate Glossary of eLearning Terms

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The first official eLearning content standard, AICC was developed by the Aviation Industry CBT Committee in 1993 as a CD-ROM based standard. A predecessor to SCORM, AICC was difficult to work with and many steps were required to get content in the format running in a learning management system (LMS). Asynchronous Learning. Asynchronous learning allows learners to train individually, enabling them to complete courses at a time, place and pace that suits them.