According to Fayol, Employee Retention Should Not Be Given High

question 58

True/False

According to Fayol, employee retention should not be given high priority as recruitment and selection costs are lower than the cost of hiring new workers.

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Definitions:

Percentage Fall

A measure that indicates the decrease in a value or quantity, expressed as a percentage of its previous value.

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way.

Quantity Theory of Money

A theory stating that the general price level of goods and services is directly proportional to the amount of money in circulation.

M Rises

Refers to an increase in a variable or quantity denoted as "M," which could contextually mean a variety of things depending on the field of study.