All categories

3 years ago

Why is employee turnover a problem for a business?

2 answers:

german3 years ago

7 0

Answer: Employee turnover is a problem for business because of the cost in employing and training new employees. It also causes problem to the business’s name and productivity.

Explanation:

Employee turnover is known to be number of employees that exit a company which might be as a result of retirement or otherwise and the numbers of those that are being employed in order to replace them. There are involuntary and voluntary employees turnover. Voluntary turnover happen when employees resign from an organization and involuntary turnover happen when employees are told by employers to leave the organization. Hence, employee turnover is a problem for business because of the cost in employing and training new employees and it also causes problem to the business’s name and productivity.

Mandarinka [93]3 years ago

3 0

1) The costs of hiring and training new personnel is very costly.
<span>2) With high turnover, you are losing out on the good experience of the individuals.</span>

You might be interested in

Striker 44 Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the pro

Gnoma [55]

Answer:

correct option is A. $331,000

Explanation:

given data

Direct materials = $86,000

Direct labor = 130,000

Variable factory overhead = 57,000

Fixed factory overhead = 135,000

Total costs = $408,000

avoidable = $58,000

to find out

highest price that McMurphy should be willing to pay for 12,000 units of the part is

solution

we get here highest price that McMurphy should be willing to pay for 12,000 units of the part that is express as

highest price = Direct material + Direct Labor + variable factory overhead + avoidable fixed overhead .....................1

put here value we get

highest price = $86000 + $130000 + $57000 + $58000

highest price = $331,000

so correct option is A. $331,000

7 0

4 years ago

Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first year of operations,

beks73 [17]

Answer:

a. $149.00

b. $217.00

Explanation:

Variable Costing

Product Cost under Variable Costing = Variable Manufacturing Costs Only

Total Variable Manufacturing Cost = $610,900

Unit Cost = Total Cost / Units Manufactured

= $610,900 / 4,100 units

= $149.00

Variable Costing

Product Cost under Absorption Costing = Variable Manufacturing Costs + Fixed Manufacturing Costs.

<u>Total Absorption Cost Calculation</u>

Total Variable Manufacturing Cost $610,900

Fixed manufacturing costs $278,800

Total Absorption Cost $889,700

Unit Cost = Total Cost / Units Manufactured

= $889,700 / 4,100 units

= $217.00

5 0

4 years ago

6. Network monopolies The value of a network good as the expected number of units sold increases. Which of the following is an a

LuckyWell [14K]

Answer:

The authorities would issue a complaint if the network monopoly undertakes predatory practices to maintain its monopoly position

Explanation:

A monopoly is when there is only one firm operating in an industry.

The antitrust policy ensures the monopoly doesn't abuse its power and to protect consumers.

Predatory pricing is when a business sets its price very low with the intent of chasing out competitors from the market. This violates antitrust policy and as a result authorities would intervene.

I hope my answer helps you

3 0

3 years ago

Your manager tells you that a product design is confidental what should you do

laila [671]

Answer:

a. keep quiet about the design if anyone asks.

b. tell your best friend who is trustworthy.

c. mail the product design documents to your home.

5 0

3 years ago

1. Executive Chalk is financed solely by common stock and has outstanding 25m shares with a market price of $10 per share. It no

elena-s [515]

Answer:

a. $10 per share

b. 16 million shares

c. $250 million

d. 64%

e. No one gain or loss

Explanation:

a. The expected market price of the common stock is same as given in the question i.e $10 per share

b. The buy back shares would be

= New debt value ÷ market price per share

= $160 million ÷ $10

= 16 million shares

c. The market value of the firm would be

= (Outstanding shares - buy back shares) × market price per share + debt value

= (25 million shares - 16 million shares) × $10 + $160 million

= $90 million + $1260 million

= $250 million

d. The debt ratio would be

= Debt value ÷ market value of the firm

= $160 million ÷ 250 million

= 64%

e. No one gain or loss

4 0

3 years ago