If There Are Turnover Costs,for Specific Training

question 22

Multiple Choice

If there are turnover costs,for specific training

• A) the firm will bear the full cost of the training.
• B) the worker will bear the full cost of the training.
• C) the worker receives less than his MRP early in his career.
• D) wages decrease based on the costs of the investment.
• E) the wage will be higher in order to avoid turnover of the workers.

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Definitions:

Health-Care Coverage

A type of insurance that pays for medical and surgical expenses incurred by the insured, helping to cover health care costs.

Gross Misconduct

Deplorably unacceptable behavior or actions by an employee that can lead to immediate dismissal due to its serious nature.

Group Plan

An insurance plan that covers a group of individuals, usually employees of a company, under a single policy.

Occupational Safety And Health Administration

A federal agency under the United States Department of Labor that ensures safe and healthful working conditions for workers by setting and enforcing standards.