Apex Carpet Has a Very High Voluntary Turnover Rate, Which

question 99

Multiple Choice

Apex Carpet has a very high voluntary turnover rate, which executives at the firm want reduced. What is the most effective way to retain top-performing employees at Apex?

• A)conducting more performance reviews
• B)developing new recruitment strategies
• C)establishing a talent management program
• D)revising the organization's mission statement

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Definitions:

Functional Expertise

Refers to the specific knowledge and skills that enable an individual to excel in a particular job or industry.

Economies of Scale

Cost advantages that a business obtains due to expansion, where the average cost per unit of output decreases with the increase in scale of production.

Functional Organizations

A type of organizational structure that groups employees based on their specialized roles or functions.

Functional Expertise

The specialized knowledge or skills in a specific field or function, contributing to organizational success.