Identify each of the following accounts as a revenue (R), expense (E), asset (A), liability (L), or equity (OE) by placing initials (R,E,A,L or OE) in the blanks.
Definitions:
Implied-Contract Exception
An exception to the employment at-will doctrine which provides that an implied employment contract may arise from statements the employer makes in an employment handbook or materials advertising the position.
Wrongful Discharge
The unjust termination of an employee's contract of employment in violation of legal or contractual terms.
Progressive Discipline Policy
A system of discipline where the penalties increase upon repeat occurrences of misconduct.
Written Warning
A documented notice of violation or misconduct, typically given by an employer to an employee as part of disciplinary procedures.
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