Which of the Following Situations Would Preclude an Employer from Exercising

question 34

Multiple Choice

Which of the following situations would preclude an employer from exercising her employment-at-will rights when terminating an employee?

• A)explicit contract exists
• B)contrary to good faith and fair dealing
• C)contrary to public policy
• D)all of these situations

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Definitions:

Payables Deferral Period

The average time between the purchase of goods or services by a company and the payment of this outstanding money to its suppliers.

Cash Conversion Cycle

The length of time between the firm’s actual cash expenditures on productive resources (materials and labour) and its own cash receipts from the sale of products (i.e., the length of time between paying for labour and materials and collecting on receivables). Thus, the cash conversion cycle equals the length of time the firm has funds tied up in current assets.

Accounts Payable

Accounts Payable is the amount of money owed by a company to its creditors for goods and services purchased on credit.

Financial Cost

Expenses associated with borrowing funds or purchasing on credit, including interest expenses, fees, and other charges.