Due Process Is

question 6

Multiple Choice

Due process is

• A) giving the employee the chance to explain himself.
• B) interviewing others who saw the offense.
• C) following policies and procedures through every step before termination, and documenting that such steps were taken.
• D) firing an employee after speaking to him or her for the third time, but not documenting it.

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Definitions:

Net Income

The amount of money remaining after all operating expenses, taxes, interest, and dividends are deducted from total revenue; a key indicator of company profitability.

Retained Earnings

The portion of a company's profits that is held or retained and not paid out as dividends to shareholders, often used for reinvestment in the business.

Dividends

Profits distributed by a corporation to its shareholders from its earnings.

Classified Balance Sheet

A detailed financial statement that separates assets, liabilities, and equity into subcategories for clearer analysis.