Why Is It Important for Companies to Maintain and Improve

question 33

Multiple Choice

Why is it important for companies to maintain and improve employee commitment?

• A)to minimize costs of recruiting
• B)to minimize voluntary departures from the company
• C)to maximize employee effort
• D)to minimize costs of training
• E)all of the above

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Definitions:

Long-Run Average Total Cost

The per unit cost of production that includes both fixed and variable costs when all inputs are considered variable in the long run.

Output

The amount of products or services that a company, sector, or nation generates over a specific timeframe.

Gasoline Prices

The cost per unit of gasoline, influenced by factors like crude oil prices, taxes, and demand.

Shift

In economics, a movement or change in the position of a supply or demand curve in response to external factors.