What Term Is Used to Describe Voluntary and Involuntary Permanent

question 86

Multiple Choice

What term is used to describe voluntary and involuntary permanent withdrawal from an organization?

• A) turnover
• B) social atrophy
• C) absenteeism
• D) downsizing
• E) truancy

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Definitions:

Competitive Market

A market structure where a large number of suppliers offer several substitutes, ensuring no single supplier controls the market prices.

Characteristics

Features or qualities that distinguish one thing from another, used to describe unique aspects of individuals, objects, or concepts.

Short-run Supply Curve

A graphical representation showing the quantity of goods and services that producers are willing to sell at each possible price level, over a short time period where some production factors are fixed.

Long-run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied over a long period, considering all possible changes in inputs and technology.