Which of the Following Best Exemplifies Voluntary Turnover

question 57

Multiple Choice

Which of the following best exemplifies voluntary turnover?

• A) Liu, a student intern at CL Corp., left the organization after her internship period.
• B) Paul, an employee of NML Corp., was fired because he failed to comply with certain company policies.
• C) Karen, an employee in the HR department of Woston Inc., was asked by her manager to resign from her job because of her deteriorating performance.
• D) Gerald, an employee at Jayward Inc., left the organization because he was denied a promotion twice despite being good at his job.

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Definitions:

Receivables

Receivables, often called accounts receivable, are the funds owed to a company by clients or customers for goods or services already delivered or used but not yet paid for.

Bad Debts

Financial losses attributed to customers who fail to pay what they owe for purchased goods or services, often considered as an expense in accounting.

Adjustment

An accounting action that alters the value of accounts in the ledger to reflect their true balances at the period end, often related to expenses and revenues.

Balance Sheet Approach

A method in accounting that focuses on valuing assets and liabilities at their current fair market values.