The Doctrine of _____________ Means an Employee May Choose to Terminate

question 31

Multiple Choice

The doctrine of _____________ means an employee may choose to terminate his or her employment at any time he or she wishes and an employer may terminate an employee's employment at any time for a good reason, a bad reason, or no reason at all.

• A) res subjudice
• B) res judicata
• C) precedent
• D) employment at will

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Definitions:

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, used as a measure of performance in variance analysis.

Actual Rate

The actual interest rate or return that is earned or paid on an investment, loan, or other financial product.

Standard Rate

A predetermined or fixed cost rate that is applied uniformly across units, activities, or time for budgeting or billing purposes.

Unfavorable Cost Variance

A variance that occurs when the actual cost exceeds the standard cost.