A Fair and Just Discipline Process Is Based on Which

question 61

Multiple Choice

A fair and just discipline process is based on which of the following prerequisite(s) ?

• A)a system of progressive penalties and an appeals process
• B)a set of rules and regulations, a system of progressive penalties, and an appeals process
• C)a set of clear rules and regulations, a system of progressive penalties, and a system of guided procedures
• D)an appeals process
• E)a system of guided procedures

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Definitions:

Net Income

Net income is the ultimate profit a company achieves after subtracting all taxes, expenses, and costs from its total income.

Commercial Substance

A situation where the future cash flows of a business are expected to change significantly as a result of a transaction.

Plant Assets

Long-term tangible assets used in the operation of a business that are not intended for sale.

Recognized Immediately

The principle of recording revenues or expenses in the accounting period when they occur, regardless of when cash is received or paid.