What Is the Difference Between Termination and Resignation,as Far as Final

question 69

Multiple Choice

What is the difference between termination and resignation,as far as final pay is concerned?

• A)Resignation pay may be paid at the next regular pay date,but termination pay is subject to state law.
• B)Resignation and termination pay are subject to state regulations.
• C)Resignation pay must be paid within one week and termination pay must be the next business day.
• D)Resignation pay must be paid on the next business day and termination pay is due immediately.

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Definitions:

Expectations Theory

A theory related to interest rates stating that the long-term interest rates are geometric averages of present and future short-term interest rates, reflecting market assumptions about future rates.

Forward Rate

The agreed-upon interest rate for a financial transaction that will occur at a future date, often used in the context of foreign exchange or interest rates.

Zero-Coupon Bonds

Bonds that do not pay periodic interest, instead being sold at a discount and maturing at face value, offering a profit at redemption.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, considering all payments of principal and interest at expected times.