The Purpose of Retention Systems Is to ________

question 27

Multiple Choice

The purpose of retention systems is to ________.

• A) attract qualified applicants to job openings in the organization
• B) establish a good person-job match
• C) manage the flow of employees out of the organization
• D) establish a good person-organization match

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Definitions:

Marginal Cost

The additional cost incurred in producing one more unit of a good or service.

Comparative Advantage

Comparative advantage occurs when a country, individual, or company can produce a good or service at a lower opportunity cost than others.

Geegaws

Decorative trinkets or gadgets, often considered unnecessary or frivolous.

Utility Function

An illustrative model that shows the way individuals prioritize various combinations of products based on their contentment levels.