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List the six steps of progressive disciplinary action cited in the text,in order of increasing severity.Which of these action is an organization LEAST likely to take against an employee? Why?
Executory Costs
These are costs associated with fulfilling the terms of a contract, excluding the direct material and direct labor costs, such as utilities, insurance, and property taxes involved in leasing.
Bargain Purchase Option
A lease provision allowing the lessee to purchase the leased asset at the end of the lease term at a price significantly lower than the expected fair market value.
Minimum Periodic Rental
In leasing agreements, it refers to the lowest amount that the lessee must pay over a specified period.
Capital Lease
A lease agreement that is considered a purchase of an asset for accounting purposes, with the lessee assuming both the benefits and risks of ownership.
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