Kyle Was Terminated from His Position as an Accountant

question 2

Multiple Choice

Kyle was terminated from his position as an accountant.He believes he was unjustly terminated and intends to sue for wrongful dismissal.The only alternate employment Kyle can find is working as a security guard.Is Kyle obligated to take this job?

• A) No,because he was wrongfully terminated.
• B) Yes,because his duty to mitigate requires him to accept any available alternate employment.
• C) No,because his duty to mitigate does not require him to take a lower level job.
• D) Yes,because his duty to mitigate requires him to take any available employment while he continues to look for an accounting position.

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Definitions:

Transactions

Economic activities or events that change the financial position of a company and can be measured in monetary terms.

Business Expense

Expenditures incurred during the operation of a business, considered necessary, ordinary, and customary for conducting business activities.

Income Statement

A report detailing a company's financial activities, including income, expenditures, and profit, over a certain period.

Dividends

Disbursements from a corporation to its shareholders, typically derived from its profits.