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[Wrongful Discharge] Monique worked as an administrative assistant for B&B Corporation. According to paragraph 16 of B&B's employee handbook's progressive discipline policy, an employee whose performance is unsatisfactory may be discharged if no improvement is shown within thirty days after receiving a written warning. Monique was having difficulty learning the software program required for her job. On July 1, she met with her supervisor, who told her that her performance needed improvement and gave her a written warning which referenced paragraph 16 of the employee handbook. Monique stayed up late each night trying to learn the new program. She was away from her job for one week for jury duty. On her return to work from jury duty on July 20, Monique was terminated for poor performance. Monique called B&B's Human Resources Department, but was told she has no case for wrongful discharge because she was an employee-at-will and can be terminated at any time for any reason.
-The SEC issues opinions regarding the worth of securities.
Buyer's Place
The agreed location where the buyer takes ownership of goods purchased, significant in determining shipping costs and liability.
Perpetual Inventory System
An inventory management approach where inventory levels are updated in real time with each sale or purchase.
Gross Method
A method in accounting that logs purchases using the total invoice amount, not considering any cash discounts that are available.
Operating Cycle
The operating cycle is a measure of the time period between the acquisition of inventory by a business and the collection of cash from accounts receivable, indicating the efficiency and effectiveness of its operations.
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