Which of the Following Statements Is True About Terminating Employees

question 65

Multiple Choice

Which of the following statements is true about terminating employees?

• A) Employers have legal rights to fire employees for whistle-blowing.
• B) The Age Discrimination in Employment Act requires dismissal of an employee who reaches a certain age.
• C) Worker buyouts are usually undertaken to stop employees from voluntarily departing.
• D) Rightsizing usually involves downsizing the workforce.
• E) Layoffs refer to firing employees because of violation of company policies.

Understand the role of management at different levels in the planning process.

Comprehend how planning facilitates the controlling function in management.

Distinguish between single-use plans and standing plans.

Know the purpose and function of policies, procedures, and budgets in organizational planning.

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Definitions:

Comprehensive Income

The total change in equity for a business that comes from non-owner sources during a specific period, including all unrealized gains and losses.

Statement of Financial Position

A financial document showing a company's assets, liabilities, and equity at a specific point in time, also known as a balance sheet.

Statement of Comprehensive Income

A financial statement that includes all changes in equity during a period except for those resulting from investments by and distributions to shareholders.

Sales Forecast

An estimation of the sales a company expects to achieve in a future period.