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NEW QUESTION: 1
What is the risk that an organization faces if management does not take action to alter the risk's likelihood or impact?
A. Risk Management
B. Inherent Risk
C. Residual Risk
D. Enterprise Risk Management
E. Risk Appetite
Answer: B
NEW QUESTION: 2
A. The quantity in Column A is greater;
B. The quantities are equal;
C. The quantity in Column B is greater;
D. The relationship cannot be determined from the information given.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Quantity A
Quantity B = .078x. The comparison, then, is between and .078x. If x
happens to equal then both quantities would equal 1. Otherwise, the two quantities are unequal; in fact, they're reciprocals. (Their product is 1.) For example, if x= 1, then Quantity A is a fraction greater than
1 by an order of more than 10, while Quantity B is a fraction less than 1 by the same order. That is all you need to know to conclude that choice D is correct.
NEW QUESTION: 3
A. Option D
B. Option C
C. Option A
D. Option B
Answer: D
NEW QUESTION: 4
An employee earning $22,500 per year supervises three employees and spends 35 hours per week on essential job duties that require discretion and independent judgment. Which of the following describes this employee?
A. Exempt, based on the administrative exemption test
B. Exempt, based on the executive exemption test
C. Nonexempt
D. Nonexempt, based on the salary basis requirement
Answer: D
Explanation:
Explanation/Reference:
Answer option D is correct.
Effective in 2004, employees must be paid a minimum of $455 per week to be exempt from FLSA requirements. This employee earns only $432.69 per week. ($22,500/52 weeks = $432.69.) Although C is also correct, the best answer is the one that explains why. See Chapter 6 for more information.
Chapter: Compensation and Benefits
Objective: Compensation
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