Which Statement Concerning Retention and Turnover Is FALSE

question 94

Multiple Choice

Which statement concerning retention and turnover is FALSE?

• A) Promotion is a movement to a higher level position.
• B) Promotions and transfers represent replacement decisions that retain employees but move them from their current jobs.
• C) Downsizing is sometimes accomplished through early retirements.
• D) Because retirement can produce fears and apprehensions, many organisations provide special assistance to pre-retirement employees.
• E) Transfer is a movement to a different job at a lower level of responsibility.

Understand the difference between actual and standard overhead costs.

Differentiate between flexible and fixed budgets and their related variances.

Understand and calculate direct labor and direct materials variances including rate, efficiency, and price.

Understand the key categories of production costs.

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Definitions:

Voidable Title

Title that may be voided if one of the parties elects to do so.

Clouded Title

A title that has any irregularity, claim, or lien that creates uncertainty about the true ownership of the property.

Oral Agreement

A verbal contract in which the terms are agreed upon through spoken communication rather than in writing.

Specific Instructions

Detailed directions or orders issued for performing a particular task or operation.