Regarding Employment Contracts, ________

question 7

Multiple Choice

Regarding employment contracts, ________.

• A) both written and oral contracts are enforceable
• B) employment-at-will is defined under set-term contracts
• C) most employees have a contractual right to be discharged only for cause
• D) all of the above are correct

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Definitions:

Sunk Costs

Expenses that have been spent and cannot be retrieved.

Cash Flow Estimation

This refers to the process of forecasting and evaluating the amount of cash that is expected to flow into and out of a business over a specific period.

NPV

Net Present Value; a method used in capital budgeting to assess the profitability of an investment or project.

IRR

Internal Rate of Return, a financial metric used to evaluate the profitability of potential investments.