An Employee May Be Legally Fired for Refusing an Order

question 23

True/False

An employee may be legally fired for refusing an order to do something illegal in the course of his or her job.

---

Definitions:

Convertible Preferred Stock

Equity securities that offer the owner the right to convert into a specified number of the company's common stock, often at a pre-determined time.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to vote on corporate matters and receive dividends.

Par Value

The nominal value of a bond or the stated value of stock in the company's constitution.

Convertible Preferred Stock

A type of preferred stock that holders can convert into a predetermined number of common shares, usually at any time after a specific date.