Assuming That the General Rules Apply, an Employee May Be

question 30

Multiple Choice

Assuming that the general rules apply, an employee may be summarily dismissed

• A) for missing a day of work without either permission in advance or condonation after the fact.
• B) upon receipt of an unfavourable work performance report.
• C) for any criminal behaviour, even if that behaviour occurred before the term of employment began.
• D) if his or her breath smelled of alcohol and if that fact violated company policy.
• E) after a single episode of employee theft.

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Definitions:

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.

Financing Activities

Actions that result in changes in the size and composition of the equity capital or borrowings of an entity.

Accounts Payable

An account showing the amount of money owed by a company to its creditors for goods or services that have been delivered or used but not yet paid for.

Operations Section

The operations section of a business plan outlines how the company will function on a day-to-day basis, covering production, facilities, and logistics.