When an employer breaches an employment contract, what obligation does the employee have
in seeking substitute employment?
A) Because it was the employer who breached, the employee has no obligation to seek
substitute employment.
B) The employee is obligated to accept any employment for which the employee is qualified.
C) The employee must accept any employment available with the same employer, but is not
required to accept any substitute employment with a different employer.
D) The employee is obligated to accept substitute employment only if it is comparable
employment.
E) The employee must accept any employment available with a different employer, but is not
required to accept any substitute employment with the same employer.
D
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Inventions or innovations from applied science or engineering research are referred to as
A. scientific discoveries. B. patents. C. dynamic engineering. D. theoretical development. E. technology.
Which of these investments is most likely to have the highest expected risk?
A) commodity and financial futures B) U.S. Treasury issues C) Growth stock funds D) Preferred stock
Rollins Corporation is constructing its marginal cost of capital (MCC) schedule. Its target capital structure is 30 percent debt, 20 percent preferred stock, and 50 percent common equity. Its bonds have a 12 percent coupon rate of interest, semiannual interest payments, a current maturity of 20 years, and a market value equal to their par value of $1,000. The firm's marginal tax rate is 40 percent. What is Rollins' after-tax cost of debt?
A. 8.4% B. 7.2% C. 4.8% D. 12.0% E. 3.6%
When the quantity of bonds demanded equals the quantity of bonds supplied, there is
A) excess supply. B) excess demand. C) a market equilibrium. D) an asset market approach.