In terms of total fees paid to executive search firms,which of the following is false?
A) A retainer is paid as soon as the search is commissioned.
B) The retainer paid amounts to one-third the total fee.
C) One-third is paid 90 days into the assignment.
D) The last third is paid upon completion,plus expenses.

Question

Quizplus · Accepted Answer

C is false because typically, the payment structure for executive search firms involves a retainer paid upfront, another portion paid at a specified time (not necessarily 90 days in), and the final payment upon completion of the search, rather than specifically one-third being paid 90 days into the assignment.

In Terms of Total Fees Paid to Executive Search Firms,which