Attracting and Retaining Human Capital Is a Challenge for Many

question 110

Multiple Choice

Attracting and retaining human capital is a challenge for many firms today.Firms experiencing high turnover should

• A) focus on increased recruiting.
• B) decrease money spent on human capital.
• C) adopt effective retention strategies.
• D) make their work environment less stimulating.

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Definitions:

Quantity Demanded

This is the total amount of a good or service that consumers want to buy at a specific price level, within a certain period.

Derived Demand

The demand for a factor of production or intermediate good that occurs as a result of the demand for another good or service.

Marginal Productivity

The additional output that results from using one more unit of a particular input, holding all other inputs constant.

Resource Price

The cost associated with acquiring resources or inputs needed for production, such as raw materials, labor, and capital.