What is a wrongful termination suit? How can you protect your company from it?
What will be an ideal response?
A wrongful termination suit is a lawsuit that may be brought against a company by an employee who thinks that he/she was fired without a just cause. An employee cannot be fired just because his/her supervisor dislikes the employee. The company must prove that the employee was failing at the job or violated company ethics. Ways to protect a company against wrongful termination suits include:
1) Conduct regular employee performance reviews. Have each employee read and sign his/her review.
2) If an employee is violating rules, notify him or her in writing (and keep a copy for your records). If things still do not improve, and you have to let the employee go, you will have proof that there were problems with his/her performance.
3) If employees must be laid off because business is slow, offer them severance, which is continued salary for a limited time. Make serious efforts to help them find a new job.
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What is skill-based pay? What are its advantages and disadvantages?
What will be an ideal response?
Alyssa strongly desires to become more ethical. She is demonstrating ______.
A. cognitive decision-making competence B. affective pre-behavioral disposition competence C. context management competence D. none of these
The LaGrange Corporation had the following budgeted sales for the first half of the current year: Cash Sales Credit SalesJanuary$70,000$340,000February$50,000$190,000March$40,000$135,000April$35,000$120,000May$45,000$160,000June$40,000$140,000The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:Collections on sales:60% in month of sale30% in month following sale10% in second month following saleThe accounts receivable balance on January 1 of the current year was $70,000, of which $50,000 represents uncollected December sales and $20,000 represents uncollected November sales.The total cash collected during January by LaGrange Corporation would be:
A. $254,000 B. $410,000 C. $344,000 D. $331,500
The key distinction between consumer products and business products is their intended use.
Answer the following statement true (T) or false (F)