The total of termination costs, hiring costs, training costs, and other costs related to replacing a worker is referred to as ________.
A)cost per hire
B)sunk cost
C)turnover cost
D)hidden cost

Question

Quizplus · Accepted Answer

Turnover cost refers to the total cost associated with replacing an employee, including termination, hiring, training and other related costs. Choice A (cost per hire) only refers to the cost of hiring and Choice B (sunk cost) refers to costs that cannot be recovered regardless of the decision taken, while Choice D (hidden cost) does not specifically refer to turnover costs.

The Total of Termination Costs, Hiring Costs, Training Costs, and Other