A person hired to add an extra room to your house would be a(n)
a. employee.
b. agent.
c. independent contractor.
d. principal.
C
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Which statement is true of the FLSA requirements for overtime pay?
A. Overtime must be paid whether or not the employer specifically asked or expected the employee to work the extra hours. B. The overtime rate is one and a half times the employee's hourly rate, excluding any bonuses or piece-rate payments. C. Time worked includes hours spent on production or sales, but not on activities such as attending required classes, cleaning up the work site, and so on. D. Most workers paid on an hourly basis are exempt and therefore not subject to the laws governing overtime pay. E. Everyone is eligible for overtime pay.
When depreciation rates are revised, an adjustment for previous years' depreciation must be recorded
Indicate whether the statement is true or false
How do merchant wholesalers and agents/brokers differ?
What will be an ideal response?
Ron, a sales representative for a software firm, is giving a sales presentation to Mona, a buyer for a large manufacturing firm. Making a sale to Mona would double Ron's sales amount for the month and lead to a large commission
As they're engaging in small talk, Mona mentions to Ron that she's a huge fan of the local college football team. Ron's wife works at that college and can get season tickets for the games. What should Ron most likely do? A) Ron should ask Mona more about her interest in the football team to discover if she would like tickets or if she already has her own. B) Ron should ask his sales manager after the sales meeting if he should offer Mona tickets to the games. C) Ron should assume that by mentioning the team, Mona is subtly letting him know what her preferences are so that he can give her a gift to win her business. D) Ron should offer Mona season tickets to the games to influence her to buy the software product he is selling. E) Ron should let the comment go and continue with the presentation to win Mona's business on the merits of the product and price.