Which of the Following Is a Valid Statement About Contingent

question 375

Multiple Choice

Which of the following is a valid statement about contingent workers?

• A) Contingent workers are seldom skilled professionals.
• B) By law, employers must provide contingent workers the same salary and benefits as permanent employees.
• C) An increasing number of companies are hiring skilled professionals, such as accountants, as part of their contingent workforce.
• D) By law, companies cannot hire contingent workers as part of the management team.

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Definitions:

Collateral

Collateral refers to properties or assets that a borrower offers to a lender as security for a loan, which can be confiscated if the borrower fails to repay.

Debtor's Default

A situation where a debtor fails to meet the legal obligations of a loan, such as not making scheduled payments.

Debtor's Estate

The total assets available to a debtor that can be used to settle debts in bankruptcy or insolvency proceedings.

Trustee

A person who operates a trust for beneficiaries in a business trust. In bankruptcy proceedings, an individual who takes over administration of a debtor’s estate.