A Local Manufacturing Firm Has Had a Turnover Rate Between

question 100

Multiple Choice

A local manufacturing firm has had a turnover rate between 84 and 90% for the past five years. All of the following statements are correct about this organization EXCEPT:

• A) There are very few long term employees working for this organization.
• B) Retained employees are less likely to be promoted from within the company.
• C) Productivity has been an issue due to work having to be reorganized each time someone leaves.
• D) A lot of time is spent orienting and training new employees.
• E) Human resources and managers spent a lot of time conducting job interviews.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.

Unit Variable Costs

The variable costs incurred to produce a single unit of product.

Incremental Analysis

The process of comparing the additional costs and benefits of different alternatives in order to make decisions.

Unprofitable Segment

A division or business unit within a company that consistently generates losses instead of profits, affecting the overall financial health of the company.