CA Inter P4 · Chapter 3 · Question 6 of 11
Using the same data (opening 760, closing 840, separations 48, total accessions 128 of which 40 were replacements), the labour turnover rate under the replacement method is:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) 5%
Explanation
Replacement method = number of replacements / average number of workers x 100 = 40 / 800 x 100 = 5%. Workers recruited for expansion (88) are not replacements and are excluded.
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