Don Works at the Local Gas Station and Garage

question 42

Multiple Choice

Don works at the local gas station and garage. He wants to support the general strike on May 1,in solidarity with immigrants,the working poor and students. His boss,Betsy tells him that she will fire him if he does not work on May 1. What is true?

• A) Betsy can fire Don,and Don has no legal recourse.
• B) Betsy can fire Don,but Don can recover damages against Betsy.
• C) Betsy can fire Don,unless he claims that 1 May is a religious holiday for him.
• D) Don has no recourse but to quit

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Definitions:

Financing Pressure

The stress or difficulty a company faces in securing funds to finance its operations or expand its business.

Liquidity

The extent to which an asset or security can be quickly bought or sold in the market without affecting its price.

Payback Period

The number of years it takes a firm to recover its project investment. Payback does not capture a project’s entire cash flow stream and is thus not the preferred evaluation method. Note, however, that the payback does measure a project’s liquidity, and hence many firms use it as a risk measure.

Capital Budget Expenditures

Outlays of funds by a company for major investments or acquisitions intended to drive future growth.