Alex, an employee of Super Sunday, Inc, has gross salary for March of $5,500
The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. The total amount of employee FICA tax is $841.50. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.)
Indicate whether the statement is true or false
FALSE .Employee FICA tax = Gross Salary x FICA rate
Employee FICA tax = $5,500 x 7.65% = $420.75
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Adam remembered the advertising for John Deere lawn tractors because in one ad the person driving the tractor was a female wearing an attractive bikini, in another it was of a mother with two kids playing in a yard, and in a third of a man in a
business suit. In this example, Adams' recall of the ad and encoding of the John Deere name into his cognitive map was enhanced by the concept of: A) identifiable selling point B) campaign duration C) variability theory D) source credibility
The FASB Accounting Standards Codification includes six levels or components. Which of the following is not one of those levels?
A) Area B) Topic C) Sub-paragraphs D) Paragraphs
Answer the following statements true (T) or false (F)
1. The outstanding organizations are experienced enough to anticipate all the many different things guests will do, ask for, and expect from them. 2. Everything the organizational leadership says and does should be consistent with the organization’s subcultures. 3. Organizational culture is crucial in filling in the gaps between what the organization can anticipate and train its people to deal with and the opportunities that arise in the daily encounters with a wide variety of guests. 4. The more tangible the service product, the stronger the cultural values, beliefs, and norms must be to ensure that the guest service employee provides the quality and value of guest experience that the guest expects and the organization wants to deliver. 5. Because they are often lonely, bored, and looking for contact with others, older retired people often make excellent hospitality employees.
Which of the following is true about the demand curve?
A) It is used to illustrate the effect of price on the quantity supplied. B) It is always graphically depicted by a straight line. C) It shows the quantity of product customers will buy in a market during a period of time even if other factors change. D) It usually slopes upward and to the right. E) It shows the relationship between product demand and product price.