Which of the Following Statements About Reneging on Job Offers

question 16

Multiple Choice

Which of the following statements about reneging on job offers is false?

• A) reneging is often caused by sudden changes in circumstances, such as a change in health status
• B) there are substantial legal concerns about reneging
• C) most employers feel the level of reneging has increased dramatically in recent years
• D) solid evidence on reneging and why it occurs is lacking

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Definitions:

Paid-in Capital

The amount of money that a company has received from shareholders in exchange for shares of stock, beyond the par value of the shares.

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders, often used for reinvestment in the business or to pay off debt.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with fixed dividends.

Common Stock

A type of equity security that represents ownership in a corporation, entitling the holder to dividends and, in many cases, voting rights.