According to Fayol, Employee Retention Should Not Be Given High

question 82

True/False

According to Fayol, employee retention should not be given high priority as recruitment and selection costs of hiring new workers is low.

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Definitions:

Divisional Operating Income

The profit generated from a specific division of a company, excluding expenses and incomes not directly related to the division's operations.

Proportional Allocation

A method of distributing costs or revenues among different departments, products, or activities in proportion to some base measure such as hours worked or units produced.

Operating Income

Earnings generated from a company's everyday business operations, reflecting its efficiency in managing its core functions.

Reported Results

Reported results are the financial outcomes that a company publicly announces, detailing its performance over a specific period, including revenue, expenses, and net income.