Julian Was Wrongfully Dismissed from His Place of Employment

question 12

Multiple Choice

Julian was wrongfully dismissed from his place of employment.He retained legal counsel who advised him that he should commence a lawsuit for wrongful dismissal.After instructing his lawyer to commence the lawsuit Julian should:

• A)immediately seek job retraining.
• B)do nothing so that he can make himself available for examinations for discovery.
• C)look for a new job.
• D)communicate with former employees to find out if anyone else has been terminated.
• E)apply for CPP disability benefits.

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Definitions:

Asset

Resources owned or controlled by a business that are expected to provide future economic benefits.

Original Cost

The initial price paid or cost of acquisition of an asset, before any depreciation, amortization, or impairment costs are deducted.

Increased Revenues

A rise in the amount of money a company earns from its business activities over a certain period.

Fixed Costs

Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance premiums.