Which of the Following Is an Employment Principle Which States

question 9

Multiple Choice

Which of the following is an employment principle which states that if there is no specific employment contract saying otherwise,the employer or employee may end an employment relationship at any time,regardless of cause?

• A) Due-process
• B) Employment flexibility
• C) Rule of fair treatment
• D) Psychological contract
• E) Employment at will

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Definitions:

Direct Write-off Method

An accounting approach where uncollectable accounts receivable are directly written off against income at the time they are deemed to be uncollectible.

Generally Accepted Accounting Principles

A set of rules, standards, and practices used by accountants in the U.S. to prepare, present, and report financial statements.

Bad Debt Losses

Financial losses resulting from customers' inability to pay back money owed.

Doubtful Accounts

Accounts receivable that a company considers unlikely to be collected and therefore may be written off as a bad debt expense.