The Simplified Turnover Costing Model for a Particular Job Requires

question 84

Multiple Choice

The simplified turnover costing model for a particular job requires the following data: the typical annual pay for the job,percentage of pay for benefits multiplied by the annual pay,the number of voluntary quits in the last year and ____ as well as other information.

• A) temporary replacements and overtime costs until the employee is replaced.
• B) average cost of pre-employment medical and drug tests
• C) the number of months it takes for one employee to become fully productive
• D) average training and development costs for a new hire in this job

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Definitions:

Specific Performance

A legal remedy that compels a party to execute their part of a contract, rather than providing monetary compensation for failing to fulfill the contract terms.

Reformation

The process of making changes to a legal document or contract to correct errors or misrepresentations.

Condition Precedent

A clause in a contract that requires a specific event or action to take place before the contract becomes binding on the parties involved.

Clause

A specific provision or section in a legal document or contract that details a particular condition, requirement, or aspect of the agreement.