Which of the Following Statements Is TRUE

question 78

Multiple Choice

Which of the following statements is TRUE?

• A)An employee manual will always be part of an oral employment agreement.
• B)A written employment agreement must be for a set term.
• C)An employment agreement can be written or oral.
• D)Oral employment contracts cannot be automatically renewed.
• E)Both B and D

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Definitions:

Firm's Profits

The financial gain achieved by a company, which is the difference between its revenue and its expenses.

Quick Response

A business strategy aimed at decreasing lead times and enhancing flexibility in operations to meet customer demand efficiently.

Manufacturer Profit

The financial gain a manufacturing company secures from its operations after deducting costs associated with production and distribution.

Short Term

A period of time that is immediate or not far in the future, usually less than a year, often used in reference to planning or financial strategies.