Dean Got a Job as a Copy Writer for a Publishing

question 6

Multiple Choice

Dean got a job as a copy writer for a publishing firm, and after working for the firm for two years, was told he was required to sign a mandatory arbitration agreement and agree to submit any employment disputes to binding arbitration. Dean was also told that if he would not sign it as is, he would be fired. Dean:

• A)will have to sign the agreement if he wants to keep his job
• B)does not have to sign the agreement, and can still keep his job

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Definitions:

Ownership Interest

A stake or share in an asset or entity, giving the holder a claim to a portion of its equity or assets and possibly a share in its profits.

Limited

A form of corporate structure whereby the shareholders' liability is limited to the capital they have invested in the company.

Consolidation Adjustments

Adjustments made to combine the financial statements of parent and subsidiary companies into a single set of financial statements.

Non-Controlling Interest

A financial concept referring to a minority ownership in a company, holding less than 50% of the stock.