Turnover Initiated by the Organization, Often Among People Who Would

question 88

Multiple Choice

Turnover initiated by the organization, often among people who would prefer to stay, is called _____ turnover.

• A)involuntary
• B)voluntary
• C)external
• D)internal
• E)initiated

---

Definitions:

Output

The quantity of goods or services produced within a given time frame by a firm, industry, or country.

Long-Run Supply

The time period in which all factors of production and costs are variable, allowing firms to fully adjust to market conditions.

Curve

In economics, this refers to a graphical representation depicting the relationship between two variables, such as supply and demand.

Short Run

A period in economics where at least one input is fixed, limiting the ability of a business to adjust production levels.