. In the case of FedEx where contractor/drivers sued for overtime pay and benefits, what was the primary reason why the courts ruled that they had been misclassified and were, in fact, employees?
a. the contractors paid for their own uniforms
b. the company controlled the activities of the drivers
c. the contractors owned their own trucks
d. the contractors worked for FedEx for a long period of time
b. the company controlled the activities of the drivers
You might also like to view...
When making a retrospective adjustment, all of the following steps are included except
A) computing the cumulative effect of the new accounting principle as of the beginning of the first period presented. B) adjusting the current period net income for the cumulative effect of the change. C) adjusting the carrying value of impacted assets and liabilities. D) disclose the nature and reason for the change in accounting principle, including the new principle is preferable.
Answer the following statements true (T) or false (F)
1. Investors use the times-interest-earned ratio to evaluate a company's ability to pay interest expense. 2. The times-interest-earned ratio is also called the short interest ratio. 3. A high interest-coverage ratio indicates a company has difficulty in paying interest expense. 4. The times-interest-earned ratio is calculated as EBIT divided by interest expense. 5. The times-interest-earned ratio is 6.25 for Retailer A and 5.1 for Retailer B. This indicates that Retailer B will find it easier to pay interest expense.
Acme Global is examining whether their products satisfy their customers’ current needs and considering whether they have the right kind of workforce in place. From this, it is clear that Acme Global is trying to answer which of the following major strategic questions?
A. What is our present situation? B. Where do we want to go? C. How do we plan to get there? D. What should our strategy be?
Team-written documents and presentations are standard in most organizations because collaboration produces a better product
Indicate whether the statement is true or false