Reduced productivity and decreased customer service are considered costs of turnover. Select one: a. Replacement b. Training c. Hidden d. Separation

C) Hidden costs (or indirect costs)

Explanation:

In this question, turnover refers to employee turnover which is the rate at which current employees leave a company and new employees enter the company.

Turnover can be good and functional when it involves employees that performed poorly, but is can damage the company when it involves key individuals and high performers.

The problem with high turnover rates is that several areas may be negatively affected, e.g. while a new worker is being trained, his/her performance will not be as good as an experienced and already trained worker.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know