Paul Was Found Intoxicated from Illegal Drug Use at Work

question 40

Multiple Choice

Paul was found intoxicated from illegal drug use at work. He was immediately terminated. The company has a progressive discipline process. How well-thought-out was Paul's firing?

• A)Firing was premature; he should have been counselled first.
• B)Firing was appropriate; some serious offences are exempt from the progressive discipline approach.
• C)Firing was inappropriate; it violates the company discipline procedure.
• D)Firing was possibly illegal; perhaps Paul used the drugs off-work and was only slightly intoxicated at work.

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Definitions:

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The process wherein the interest earned on an investment is added to the principal each year, and in the subsequent year, interest is earned on this new principal.

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or securities at a given time.

Contract Rate

The interest rate stated in a contract, such as a loan or bond agreement.

Present Value

The value in present terms of a sum of money or cash flows due in the future, determined with a set rate of return.