Holly Refuses Her Employer's Request to Falsify the Contents of a Report

question 81

Multiple Choice

Holly refuses her employer's request to falsify the contents of a report to the Equal Employment Opportunity Commission (EEOC) .The employer subsequently discharges Holly for "not following orders." Identify the exception to the employment-at-will doctrine that Holly is likely to choose when she files a wrongful discharge suit.

• A) Equal employment
• B) Public policy
• C) Implied contract
• D) Reverse discrimination
• E) Affirmative action

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal, used in accounting to ensure assets are not overstated.

Profit Margin

A financial metric used to assess a company's profitability by dividing net income by net sales, usually expressed as a percentage.

Ceiling

In accounting, it refers to the upper limit placed on the value of an asset or a group of assets, often to prevent overestimation.

Principle of Conservatism

An accounting guideline where revenue and assets are not overestimated while liabilities and expenses are not underestimated.