The Idea That the Relationship Between a Worker and Employer

question 5

Multiple Choice

The idea that the relationship between a worker and employer is voluntary and can be terminated at any time, by either party, is the

• A) employment-at-will doctrine.
• B) due process principle.
• C) corporate governance system.
• D) arbitrary employment doctrine.

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Definitions:

New Businesses

Refers to startups or entrepreneurial ventures that are newly established within the market.

Business Plan

Describes the direction for a new business and the financing needed to operate it.

Operating Budget

A detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period, usually one year.

Financing

The act of providing funds for business activities, making purchases, or investing, including means such as loans, equity, donations, or grants.