Which of the Following Statements Is FALSE Regarding Resignations in the Workplace

question 121

Multiple Choice

Which of the following statements is FALSE regarding resignations in the workplace?

• A) The most qualified employees are often the ones who resign because they are more mobile.
• B) When turnover is excessive, the firm must do something to slow it.
• C) If a firm commits to making its environment a good place to work, workers will not leave.
• D) A certain amount of turnover is healthy for a typical organization.

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Definitions:

Economic Profit

The profit a firm makes after deducting both its explicit (out-of-pocket) and implicit (opportunity) costs, reflecting the total financial gain that exceeds the firm's total costs.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various price points, at a specific time.

Industry Entry

The process by which a business or company begins to operate in a specific industry.

Monopolistically Competitive

Refers to a market structure where many firms sell products that are similar but not identical, allowing them some power to set prices due to product differentiation.