According to the Text, the BEST Way to Avoid a Lawsuit

question 1

Multiple Choice

According to the text, the BEST way to avoid a lawsuit when firing any employee is to

• A) Maintain good records of the person's conduct and performance at work
• B) Maintain good records of the conversation that occurred when the dismissal message was delivered
• C) Keep an evidence that the employee was treated in a manner consistent with past practices
• D) All of the above

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Definitions:

Net Income

The amount of money that remains after all expenses, including taxes and costs of goods sold, have been subtracted from total revenue, indicating the profitability of a company.

Financing Activities

refers to transactions related to raising capital and repaying shareholders, including issuing shares, borrowing, and repaying debt.

Cash Flows

The net amount of cash being transferred into and out of a business, considered vital for its solvency.

Financing Activities

Transactions related to raising capital and repaying investors, including issuing equity, obtaining loans, and paying dividends.