In the Third Step of the Termination Interview Process Described

question 52

Multiple Choice

In the third step of the termination interview process described in the textbook,the manager should

• A) describe the situation rather than attack the employee personally.
• B) smile and be friendly, but also be direct and accommodating in order to ensure that the employee's opinion is considered in the final decision.
• C) get to the point by informing the employee of the decision.
• D) get to the point, but reassure the employee this was not the manager's decision and that the final decision is open for discussion.
• E) describe the situation extensively and spend a significant portion of the interview comparing the employee's performance to that of his/her colleagues.

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Definitions:

Income Before Taxes

The total revenue a company generates minus the total expenses before income tax expense is subtracted; an indicator of a company's pre-tax profitability.

Earnings Per Share

A financial ratio that indicates the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of a company's profitability.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board for global use.

Comprehensive Income

The total change in equity for a reporting period other than transactions from owners, encompassing all gains and losses that are not recognized in the profit or loss.