The main purpose of the Federal Insurance Contributions Act (FICA) was to:

A) Provide health insurance for all employees.
B) Mandate worker's compensation insurance for employers.
C) Provide life insurance for all employees.
D) Provide benefits for workers who were unable to work because of age, disability, or death.


D) Provide benefits for workers who were unable to work because of age, disability, or death.

Business

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What is the final step in the strategic human resource management process?   

A. Plan future human resources needs. B. Perform appraisals of people. C. Assess success of recruitment process. D. Orient, train, and develop people. E. Recruit and select people.

Business

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

1. A principle of Deming management is that quality should be aimed at meeting the needs and expectations of the ultimate user. 2. Twice daily, factory workers at Mountain CopperWorks select random samples from the production runs and test them for quality, rejecting runs if too many samples fall outside a standard range of acceptability. These workers are engaged in statistical process control. 3. GlobalSatellite, applying TQM, restructured its service call procedures and eliminated some steps involved so that employees can finish each call faster. Global Satellite is attempting to reduce cycle time. 4. Unlike the ISO 9000 series, the ISO 14000 series identifies standards for environmental performance.

Business

May, Inc. had the following transactions in 2019, its first year of operations:

• Issued 20,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $19.00 per share. • Issued 2000 shares of $200 par value preferred stock at par. • Earned net income of $40,000. • Paid no dividends. At the end of 2019, what is the total amount of paid-in capital? A) $820,000 B) $460,000 C) $380,000 D) $780,000

Business

When a U.S. company does business with a British company and payment is in British pounds, an exchange gain or loss occurs if the exchange rate between dollars and pounds changes between the date of sale and the date of payment

Indicate whether the statement is true or false

Business