Of the Four Types of Discharge,firing

question 23

Multiple Choice

Of the four types of discharge,firing

• A)results from an employee's poor performance¾that is,from his or her failure to fulfill expectations.
• B)is for-cause dismissal¾the result of employee theft,gross insubordination,release of proprietary information,and so on.
• C)usually refers to the temporary unemployment experienced by hourly employees and implies that they are "subject to recall."
• D)designates the permanent elimination of a job as a result of workforce reduction,plant closing,or departmental consolidation.

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Definitions:

Seasoned Equity Offering

An issuance of stock by a company after its initial public offering to raise additional capital.

Proportionate Ownership

An ownership interest that reflects a shareholder's or investor's percentage share in the assets and profits of a company.

Current Shareholder

An individual or entity that currently owns shares in a company.

General Cash Offering

A public sale of securities to all investors, typically to raise capital for a corporation.