Alba IncHas a Statement in Its Employee Handbook That Reads,"Employees May

question 69

Multiple Choice

Alba Inc.has a statement in its employee handbook that reads,"Employees may resign from the position they hold at Alba Inc.if they choose to do so.In the same way,Alba Inc.may discharge an employee at any time,for any reason,with or without notice." This is an example of what type of statement?

• A)Conflict-of-interest statement
• B)No-fault-attendance statement
• C)Bona fide employment statement
• D)Employment-at-will statement

---

Definitions:

Marginal Propensity To Consume

The ratio of the change in consumption spending to the change in disposable income, indicating how much of additional income will be spent.

John Maynard Keynes

A UK-based economist who significantly transformed both the theoretical and practical aspects of macroeconomics, as well as the economic strategies executed by governments.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States following the stock market crash of 1929.

Automatic Stabilizers

Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.