Several Years Ago You Began a Small Retail Store to Sell

question 35

Multiple Choice

Several years ago you began a small retail store to sell computer parts. The store grew and the business expanded to offer computer repair and custom programming. You have noticed that people have definite expectations about what their appropriate roles within the expanding company should be.
-To clear up role confusion, you have decided that you must come to an unwritten agreement with each employee about your mutual expectations. You are developing a(n) __________ .

• A) employment contract
• B) role playing document
• C) role expectation contract
• D) implicit role adherence schedule
• E) psychological contract

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Definitions:

Notification of Dishonor

A formal notice given to the parties involved in a negotiable instrument (like a check or promissory note) indicating that payment has failed or been refused.

Drawer Secondarily Liable

The obligation of the drawer of a negotiable instrument, such as a check, to pay if the primary party fails to do so.

Fraudulent Alteration

Altering a document without permission with the goal of misleading or committing fraud.

Promissory Note

A promissory note is a financial instrument in which one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time.