Employment tribunals form part of which branch of the UK legal system:

a. civil law
b. criminal law
c. common law
d. social law


a. civil law

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An individual at the preconventional level of moral development defines what is right on the basis of some broader set of universal values and principles.

Answer the following statement true (T) or false (F)

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Karl was an accounting manager for a large company and in his employment contract it stated that if he terminated after more than 8 years of service, the maximum termination notice would be 10 weeks' pay but no benefits would be paid

Karl worked for the company for 12 years and then was terminated when the company was downsizing. If Karl sues the company for wrongful dismissal the court will A) rule that he is entitled to only 8 weeks pay B) rule that he is entitled to only 10 weeks pay C) rule that he is entitled to only 12 weeks pay D) rule that he is entitled to reasonable notice under common law E) rule that he is entitled to common law notice and punitive damages

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Profitability ratios attempt to assess the company's ability to generate earnings.

Answer the following statement true (T) or false (F)

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A 5-year corporate bond yields 10.70%. A 5-year municipal bond of equal risk yields 6.50%. Assume that the state tax rate is zero. At what federal tax rate are you indifferent between the two bonds? (Round your final answer to two decimal places.)

A. 40.04% B. 34.93% C. 34.15% D. 47.50% E. 39.25%

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