Rose Was Recently Terminated from Her Position at an Insurance

question 96

Multiple Choice

Rose was recently terminated from her position at an insurance agency due to unethical behavior.This is an example of _____.

• A)voluntary turnover
• B)involuntary separation
• C)downsizing
• D)outsourcing

---

Definitions:

MBCA

Model Business Corporation Act, a model set of laws prepared by the Committee on Corporate Laws of the American Bar Association to guide states in the preparation of their corporate statutes.

Close Corporation

A type of business entity with a limited number of shareholders and restricted stock trading, often operated by family members or close associates.

Motion to Dismiss

A formal request to a court to dismiss a case on the grounds that it lacks basis for a lawsuit or is improperly filed.

Buy-and-Sell Agreement

A legally binding agreement determining what happens to a partner's share of a business in the event of that partner's death or departure.