Katie Understands That Employee Turnover Is Expensive and Stressful on Staff

question 882

Multiple Choice

Katie understands that employee turnover is expensive and stressful on staff. The best defense against employee dissatisfaction is

• A) the employee handbook.
• B) open and honest communication.
• C) written policies and procedures.
• D) weekly departmental meetings.

---

Definitions:

Upward Pressure

Forces or conditions within a market that cause prices to rise, often due to factors like increased demand, higher production costs, or supply shortages.

Would-Be Buyers

Potential customers who have shown interest in purchasing a product or service but have not yet made a purchase.

Competitive Auction

A bidding process where various buyers compete to acquire goods or services by offering increasingly higher prices.

Organizational Buying Situations

Scenarios where businesses or institutions purchase goods or services for use in production, operations, resale, or as part of their own product offerings.