ADMS 1000 Lecture Notes - Lecture 2: Independent Contractor, Human Resource Management, Class Consciousness
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5. Rachel receives employer provided healthinsurance. The employer's cost of the health insurance is $5,500annually. What is her employer's after-tax cost of providing thehealth insurance, assuming that the employer's marginal tax rate is35 percent and is profitable?
MULTIPLE CHOICE
$0
$3,575
$4,198
$5,500
8. Meg works for Freedom Airlines in theaccounts payable department. Meg and all other employees receivefree flight benefits (for the employee, family, and 10 free buddypasses for friends per year) as part of its employee benefitspackage.
If Meg uses 30 flights with a value of $14,220 this year, how muchmust she include in her compensation this year?
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9. Which of the following statements is trueregarding equity compensation?
MULTIPLE CHOICE
a. Restricted stock maintains value to an employee even when themarket price decreases after grant date.
b. NQOs maintain value to an employee even when the market pricedecreases after grant date.
c. Employees usually prefer NQOs rather than ISOs.
d. The difference between the market value and the strike priceis treated as ordinary income on the exercise date for ISOs.
10. One purpose of Form W-2 is to determine anemployeeâs withholding during the year.
True or false?
business law
QUESTION 18
Partnership property:
a. | is always personal property. | |
b. | is owned by the partners as tenants in partnership. | |
c. | can be pledged to a partner's personal creditor. | |
d. | all of the above |
3.572 points
QUESTION 19
Under apparent authority:
a. | a principal is never liable for the acts of an agent. | |
b. | a principal is liable for creating the appearance of an agency relationship. | |
c. | there is no agency relationship. | |
d. | none of the above |
3.572 points
QUESTION 20
Religious discrimination is lawful if:
a. | a church is looking for a pastor. | |
b. | the person's religion prevented them from working a certain shift. | |
c. | the religious beliefs will interfere with effective work. | |
d. | none of the above |
3.572 points
QUESTION 21
The business judgment rule holds directors liable for:
a. | errors in business judgment. | |
b. | their mistakes. | |
c. | failure to obtain necessary information for making decisions. | |
d. | none of the above |
3.572 points
QUESTION 22
OSHAâs enforcement powers include:
a. | Research | |
b. | Investigations | |
c. | Record-keeping requirements | |
d. | All of these answers |
3.572 points
QUESTION 23
Which is not an example of an independent contractor relationship?
a. | master/servant | |
b. | lawyer/client | |
c. | accountant/client | |
d. | All of the above are not independent contractors. |
3.572 points
QUESTION 24
The Americans with Disabilities Act:
a. | applies to all employers. | |
b. | limits the impact of the Rehabilitation Act. | |
c. | applies only to government contractors. | |
d. | prohibits the use of tests that screen out handicapped workers. |
3.572 points
QUESTION 25
Under workersâ compensation:
a. | the employee loses the right to sue the employer for covered incidents. | |
b. | employee fault controls compensation. | |
c. | injuries by other employees are not covered. | |
d. | None of these |
3.572 points
QUESTION 26
Which of the following is not one of the benefits provided by workersâ compensation:
a. | Hospital and medical expenses | |
b. | Full wages | |
c. | Partial wages | |
d. | Death benefits |
3.572 points
QUESTION 27
A partnership by estoppel:
a. | is the same as a partnership by implication. | |
b. | results when third parties are led to believe a partnership exists. | |
c. | is the same as a joint venture. | |
d. | none of the above |
3.572 points
QUESTION 28
A shareholder proxy is:
a. | good until revoked. | |
b. | not subject to any securities laws. | |
c. | a transfer of a right to vote. | |
d. | none of the above |