What Term Implied by Common Law Will Influence an Employer's

question 33

Multiple Choice

What term implied by common law will influence an employer's ability to effect the termination of an employment arrangement?

• A) condonation
• B) reasonable notice
• C) litigation
• D) Peter principle

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Definitions:

Original Entry

The initial recording of a financial transaction in the accounting records or journal.

General Journal

A basic accounting record where all types of transactions are initially recorded before being posted to specific accounts in the general ledger.

General Ledger

A complete record of all financial transactions over the life of a company.

Debit Balances

Accounts on the left-hand side of a double-entry bookkeeping system that typically signify assets or expenses.