A sales commission is an example of a ______ compensation plan.
A. pay-for-knowledge
B. profit-sharing
C. gainsharing
D. pay-for-performance
E. Scanlon
D. pay-for-performance
Pay-for-performance compensation bases pay on one's results. An example is the sales commission, in which sales representatives are paid a percentage of the earnings the company made from their sales, so that the more they sell, the more they are paid.
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The 1933 Securities Act defines the term "security." The Supreme Court of the United States has adopted a two-tier analysis of what constitutes a security. Within this analysis the Court has used a three-part test to determine whether a non-traditional
financial transaction constitutes an investment contract and thus a security. Explain (a) the 1933 Act's statutory definition of security, (b) the courts' general interpretation of the 1933 Act's definition and (c) the Supreme Court's two-tier test. Use case law to illustrate your explanation, if appropriate. Also, why do you think the Supreme Court had to devise such an analysis?
If two events (A,B) are independent, then the conditional probability of P(A|B) = ________
Fill in the blanks with correct word
Earnings of a minor child are taxed to the child regardless of the state's property law system.
Answer the following statement true (T) or false (F)
An inflation-indexed Treasury bond with a 5% coupon rate is issued at $1,000. If inflation in the year after issuance is 6%,
A) the new coupon rate will be 11%. B) the new redemption value is $1,060. C) the new redemption value is $1,100. D) the bond is redeemed and a new bond with a 6% coupon is issued.