Under the duties test, in order to be classified as exempt, an employee:

a. must perform the duties of an executive, administrator, or professional
b. must work in an office setting
c. must have a job title that includes the word executive, administrator, or professional in the title
d. all of the above


A

Business

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A bank borrows funds from its depositors by paying them 2% interest on the funds. It lends those funds to borrowers by charging an interest of 5% on the loans. The bank's spread is

A. 2 percent. B. 3 percent. C. 4 percent. D. 5 percent.

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Which of the following is a rare situation that may arise in a privately owned company that wants to decrease the amount of income taxes paid to the government?

a. Understating purchases b. Overstating net income c. Understating inventory d. Understating cost of good sold

Business

A cost of quality report compares current period quality costs in specified categories to

a. last year's quality costs. b. current period budgeted quality costs. c. total quality costs for the period. d. both a and b.

Business

The following code fragment is a correct example of the use of a WHILE loop.BEGIN   WHILE lv_cnt_num <= 5       DBMS_OUTPUT.PUT_LINE( lv_cnt_num );      lv_cnt_num := lv_cnt_num + 1;   END LOOP;END;

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

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