Although Turnover Is Usually Negative for Organizations, It Can Be

question 20

Multiple Choice

Although turnover is usually negative for organizations, it can be positive if the employees who leave:

• A)were ineffective and can be replaced by better workers.
• B)are leaving to take a promotion at another company.
• C)recently experienced a major decrease in job satisfaction.
• D)were highly job-involved.

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Average Repair Cost

The mean cost incurred for repairing an asset over a certain period, calculated by dividing the total repair costs by the number of repairs.

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act, which fund Social Security and Medicare, split between employees and employers.

Federal Unemployment Insurance

A government-provided insurance scheme that offers payments to eligible unemployed workers.