Question 10

The rate at which employees leave an organization during the course of the year is known as:

Select one:

a. Labour Productivity

b. Labour Turnover

c. Labour retention rate

d. Employee resignation rate

Question 11

All are assumptions of break-even analysis except

Select one:

a. The behaviour of total revenue is linear within a relevant range

b. The behaviour of total cost is linear over the relevant range

c. Fixed cost is constant over the relevant range

d. Efficiency of production process and workers is variable

Question 12

I am an indispensable document in any budgeting cycle. Among other things, I provide the assumptions that should guide budget imputs. I also set out priority areas for the budget. Who am i?

Select one:

a. Budget manual

b. Budget assumptions book

c. Budget Framework

d. Budget Circular