Laws That Require an Employer to Notify Employees in the Event

question 7

Multiple Choice

Laws that require an employer to notify employees in the event that the employer decides to terminate a group of employees are called

• A)"at will"laws.
• B)privacy laws.
• C)notification laws.
• D)employment termination laws.
• E)group termination laws.

---

Definitions:

Accounts Payable

Debts incurred by a company towards its suppliers, reflected as liabilities on its balance sheet.

Prepaid Insurance

An asset account that represents insurance paid in advance, which is not yet expired and thus not yet an expense.

Owner's Capital

The equity in a firm attributable to the owner, reflecting the amount invested by and the earnings retained for the business owner.

Accounts Receivable

Monies owed to a company by customers for sales made on credit that are recorded as assets on the balance sheet.