If a Manager's Favorite Sports Team Loses and He Goes

question 32

Multiple Choice

If a manager's favorite sports team loses and he goes to work the next day and fires anyone wearing the opposing team's colors,the manager has __________.

• A) broken the law because firing these employees is not at all fair
• B) practiced rational employment because this action is fair.
• C) not broken the law as the fired employees are not in a protected group
• D) broken the law as fired employees were all 38 years old, white males

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Definitions:

Normal Balance

The typical side (debit or credit) on which an account increases, depending on its type (asset, liability, equity, revenue, or expense).

Financial Statement

Reports that provide detailed information about a company's financial performance and position, including income statements, balance sheets, and statements of cash flows.

Permanent/Temporary

Categories used to describe the durability of various accounts within accounting; permanent accounts track financial data across multiple periods, while temporary accounts are closed at the end of each period.

Patents

Intellectual property rights granted to an inventor, giving the holder exclusive rights to the invention for a certain period.