To Be Enforceable, a Contract of Employment Must Be

question 7

Multiple Choice

To be enforceable, a contract of employment must be

• A) in writing if for a fixed period greater than one year and not terminable on notice.
• B) in writing if for a fixed period less than one year and terminable on proper notice.
• C) in writing if for a period not fixed.
• D) None of the responses are correct

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Definitions:

Financial Statements

Reports that summarize the financial performance and position of a company, including balance sheet, income statement, and cash flow statement.

Financial Affairs

encompasses all activities related to the management of money and investments for an individual or organization.

Operating Influence

A term not commonly used in standard financial or business lexicon and might be confused or conflated with Operating Income, which refers to the profit realized from a business's core operations.

Common Stock

A type of ownership in a corporation represented by shares, entitling holders to vote on corporate matters and receive dividends.