Is high turnover good? Explain your response.
What will be an ideal response?
Some managers assume that high turnover is a mark of an effective organization. This view is somewhat controversial because a high quit rate means more expense for an organization. However, some organizations would benefit if disruptive and low performers quit. Thus, the issue of turnover needs to focus on the frequency and on who is leaving.
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The purpose of the statute of frauds is to prevent the performance of oral contracts
a. True b. False Indicate whether the statement is true or false
The field of study that analyzes the likelihood of product and system failures over time is known as ______.
a. confidence analysis b. reliability c. redundancy d. backup analysis
George and James create an agency relationship to facilitate the sale of illegal narcotics. This agency relationship
a. is illegal. b. is legal. c. will be recognized by some states, but not others. d. can exist, but will be subject to sanctions for illegal activity.
Marcus is set to establish a reorder policy for his remote snack bar located on Vacation Island. He sells 10 cases of soda per day and has a lead-time for delivery of one week
Occasionally, bad weather or mechanical difficulty can delay his delivery by up to three days. At what point should Lipscomb reorder (how many cases on hand) if he wants to also compensate for unexpected order delays? A) 30 cases B) 70 cases C) 100 cases D) There is not enough information to answer this question