Which of the Following Is a Difference Between Suspension and Termination

question 5

Multiple Choice

Which of the following is a difference between suspension and termination?

• A) Suspension is part of a progressive disciplinary program, whereas termination is not part of a progressive disciplinary program.
• B) Suspension lasts for a day or for a few weeks, whereas termination marks the end of the employment relationship.
• C) Suspension is the first step in most progressive disciplinary programs, whereas termination is the last step in most progressive disciplinary programs.
• D) Suspension invariably leads to legal problems for an employer, whereas termination rarely leads to legal problems for an employer.

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Definitions:

Long-run Equilibrium

A condition in the market where all firms in an industry are making zero economic profit, and there is an efficient allocation of resources.

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Marginal Cost

The rise in expense associated with manufacturing an extra unit of a product or service.

Shut Down

A short-term decision by a company to cease operations temporarily due to unfavorable market conditions or to minimize losses when variable costs exceed total revenues.