Hiring the Wrong Person Is Time Consuming but Has Little

question 79

True/False

Hiring the wrong person is time consuming but has little monetary or emotional impact on the firm and its employees.

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Definitions:

Productivity Decrease

A reduction in the efficiency at which an organization or economy converts inputs into outputs, often leading to lower output per unit of input.

Capital Intensive

Refers to businesses or industries that require large amounts of money and resources to produce goods or services.

Service-Related

Pertaining to activities or businesses that focus on providing services, rather than producing goods, to customers or clients.

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.