Turnover Is Costly for an Organization,and One of the Hidden

question 32

True/False

Turnover is costly for an organization,and one of the hidden costs is the loss of top talent and their knowledge and ideas.

---

Definitions:

Spending Multiplier

A factor by which a change in spending translates into a greater change in income and output throughout the economy.

Price Level

The calculated average price across the broad spectrum of goods and services in an economy.

Investment Spending

Expenditure on capital goods used to produce other goods and services in the future.

Consumption Function

An economic formula representing the relationship between total consumption and gross national income.