You Are the Owner of a Temporary Employment Agency Specializing

question 53

Essay

You are the owner of a temporary employment agency specializing in providing night security guards to local businesses.One of your recent placements was caught last night stealing property at his job site.The owner of the job site plans to sue you for "negligent hiring." What did that owner reasonably expect from your business and what evidence do you hope you have that will get you out of this unfortunate predicament? Assuming you do extricate yourself from the legal problems,how will you salvage your company's reputation?

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Definitions:

Maturity Value

The amount payable to the holder of a financial instrument at the date when the instrument becomes due and payable, including principal and any applicable interest.

365-Day Year

A calendar model assuming exactly 365 days in a year, commonly used for calculating interest in finance.

Discount Method

Method of computing the net price using the trade discount rate to calculate the amount of trade discount, and, subsequently, the net price.

Actual Interest Rate

The real cost of borrowing money, including all fees and interest rates, more comprehensively represented than the nominal interest rate.