What Is the Technique Behind Natural Attrition

question 51

Multiple Choice

What is the technique behind natural attrition?

• A) Managers transfer workers to other plants
• B) Managers retrain workers from one job to another
• C) Managers allow positions to stay unfilled as turnover occurs
• D) Managers move work to other organizations
• E) Managers force workers to retire early

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Definitions:

Normative Statement

An opinion or assertion about how the world ought to be, often reflecting values or judgments that cannot be tested or proven true or false.

Production Possibilities Frontier

A graph that shows the various combinations of output that an economy can possibly produce, given the available factors of production and the available production technology.

Trade-Off

A choice made in a given situation where one aspect of a set or design is reduced or forfeited to improve other elements.

Opportunity Cost

The dropping of possible gains that could come from other alternatives when a specific one is chosen.