Which of the Following Justify the Importance of Employee Retention

question 27

Multiple Choice

Which of the following justify the importance of employee retention as a critical management strategy

• A) the high costs of recruitment, selection and training a new employee
• B) the instability caused by high employee turnover
• C) the potential adverse effects on quality of care
• D) All of the above

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Definitions:

Interest Rate

It is the amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Compounded Quarterly

The process of calculating interest and adding it to the principal sum of a deposit or loan on a quarterly basis, leading to interest on interest.

Quarterly Deposits

Deposits made into an account or investment vehicle at regular intervals every three months within a year.

Bank Account

A financial account maintained by a bank or other financial institution in which the financial transactions between the customer and the bank are recorded.