Corrective Discipline

question 6

Multiple Choice

Corrective discipline

• A) allows employees to correct their behavior before punishment is applied.
• B) is the immediate discharge of an employee.
• C) is part of a performance review.
• D) results in firing.

---

Definitions:

General Partnership

A business arrangement where two or more individuals agree to share all assets, profits, financial, and legal liabilities of a jointly-owned business.

Legal Entities

Organizations that have legal rights and obligations, including the ability to enter into contracts and own assets.

Separate Accounting Entity

A fundamental accounting principle that treats a company's financial reports as distinct from those of its owners or other businesses.

Audit

A systematic examination of books, accounts, documents, and vouchers of an organization to ascertain how far the financial statements present a true and fair view.