Liliana Runs a Personal Planning and Insurance Company

question 47

Multiple Choice

Liliana runs a personal planning and insurance company.An employee has left in the middle of RRSP season.Liliana is worried about the potential customers she may not be able to place investments for now that she is short a person.Which cost of turnover is Liliana concerned about?

• A) Separation
• B) Vacancy
• C) Replacement
• D) Training
• E) Overhead

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Definitions:

Lease Agreement

A contract between a lessor and a lessee for the rental of property, usually real estate, for a specified period of time.

Insolvent

The state of being unable to pay debts owed, often leading to bankruptcy proceedings.

In Transit

Describes goods or people that are in the process of being transported from one location to another.

Carrier

An entity that provides transportation services for goods or individuals, typically referring to a company or a shipper operating under specific regulatory guidelines.