The Worker Retraining and Notification Act

question 16

Multiple Choice

The Worker Retraining and Notification Act:

• A) Makes it more difficult for employers to layoff workers in certain circumstances
• B) Requires employers to give all professional and managerial employees 30 days' notice before their employment positions terminate
• C) Requires employers to give all employees, other than professional and managerial employees, 30 days' notice before their employment positions terminate
• D) Eliminates the employment at will concept in states that have adopted this law

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Definitions:

M&M Proposition

The Modigliani and Miller Proposition, theories that address the impact of capital structure on a company's value and cost of capital.

Homemade Leverage

A strategy where investors adjust the amount of leverage in their own portfolios by borrowing or lending money to replicate corporate financial leverage.

Capital Structure

This term relates to the way a corporation finances its operations and growth by using different sources of funds, such as debt, equity, and hybrid securities.