Dismissal for Cause Is

question 20

Multiple Choice

Dismissal for cause is

• A) dismissal for causes specified in the contract of employment.
• B) dismissal for unjustified causes.
• C) dismissal without notice and further obligation by the employer when the employee's conduct amounts to a breach of contract.
• D) dismissal for causes not specified in the contract of employment.
• E) dismissal for justified reasons.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Payout Ratio

A financial metric that measures the proportion of earnings a company pays out to its shareholders in the form of dividends.

Cash Dividends

Distributions of a corporation's earnings to shareholders in the form of cash, typically issued on a regular basis.

Retained Earnings

The cumulative amount of net income kept in a company after dividends are paid, used for reinvesting in the business or paying down debt.