
Chap 2.13: Termination management
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Hanh Ho
Used 2+ times
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23 questions
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1.
FLASHCARD QUESTION
Front
Define TERMINATION
Back
the process whereby a business ends its employment contract with an employee.
2.
FLASHCARD QUESTION
Front
Types of termination: Voluntary and Involuntary
Back
• Voluntary termination is when an employee chooses to leave the business.
• Involuntary termination is when an employee is forced to leave.
3.
FLASHCARD QUESTION
Front
VOLUNTARY TERMINATION includes:
Back
-Retirement
-Resignation
4.
FLASHCARD QUESTION
Front
INVOLUNTARY TERMINATION includes:
Back
-Dismissal
- Redundancy
5.
FLASHCARD QUESTION
Front
Retirement
Back
Retirement occurs when an individual decides to leave the workforce permanently.
6.
FLASHCARD QUESTION
Front
Resignation
Back
Resignation or 'quitting' involves an employee leaving their job by choice.
7.
FLASHCARD QUESTION
Front
Redundancy
Back
Redundancy occurs when there is not enough work in the workplace, or the job no longer exists.
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