During the hiring interview, Supervisor Staci told Henry that as long as he did his job as requested, he would have a job until he retired. Courts have been willing to enforce such an oral promise under the Truth in Hiring doctrine, even if the company's top management did not approve the statement
a. True
b. False
Indicate whether the statement is true or false
True
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Audit risk is the probability that the auditor will render an unqualified opinion on financial statements that are materially misstated
Indicate whether the statement is true or false
According to integrative social contracts theory, the ethical standards a company should try to uphold
A. should never be absolute but rather always provide some wiggle room according to the circumstances of the situation. B. are governed both by (1) a limited number of universal ethical principles that are widely recognized as putting legitimate ethical boundaries on actions and behavior in all situations and (2) the circumstances of local cultures, traditions, and shared values that further prescribe what constitutes ethically permissible behavior and what does not-but universal norms always take precedence over local ethical norms. C. are governed by the school of ethical universalism. D. should be determined by the company's board of directors. E. are governed by each country's Code of Required Ethical Conduct, which sets forth that each individual/group/business/organization has a "social contract" to observe the ethical and moral standards that the country has adopted.
Indigo Corp. has a selling price of $45 and variable costs of $30 per unit. When 10,000 units are sold, profits equaled $25,000. What is the margin of safety?
A. $25,000 B. $150,000 C. $80,000 D. $75,000
An expense that could be included in the itemized deductions of a taxpayer is
A) life insurance premiums. B) real estate property taxes. C) travel to work expenses. D) driver license fees.