Which of the Following Is NOT Relevant in Determining How

question 18

Multiple Choice

Which of the following is NOT relevant in determining how much notice is reasonable in case of wrongful dismissal?

• A) the length of service of the employee
• B) the economic situation of the employer
• C) the age of the employee
• D) the employee's special expertise and training
• E) the possibilities the employee has for re- employment

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Definitions:

Strip Bond

A debt security that is derived from the coupon and principal payments of a bond, which are separated ("stripped") and sold as individual zero-coupon bonds.

Compounded Semi-Annually

Interest calculated on the principal and previously earned interest twice a year.

Quarterly Compounded

An interest calculation method where interest is added to the principal every quarter, increasing the amount of interest earned or paid.

Nominal Rate

Nominal Rate refers to the interest rate before adjustments for inflation or other factors. It is the rate quoted on loans and savings without taking into account the real purchasing power of the money.