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Deborah Owns 100 Shares of Common Stock in the Macrofirm

question 66

Multiple Choice

Deborah owns 100 shares of common stock in the Macrofirm Corporation. She bought the stock at a price of $33 per share, and it is now selling at $46 per share. If she sold it now, what is the term for what she would realize?


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Employment At-will

A legal doctrine that means an employer can terminate an employee at any time for any reason, except an illegal one, and without warning.

Employment Contract

A legal document outlining the terms of employment, including duties, benefits, and duration, between an employer and employee.

Collective Bargaining Agreement

A collective bargaining agreement is a legally binding contract resulting from negotiations between a group of employees, often represented by a union, and their employer, covering the terms and conditions of employment.

Legal Statute

A law or regulation enacted by the legislative branch of government.

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