Lois and Peggy Are the Only Two Accountants at a Construction

question 63

Multiple Choice

Lois and Peggy are the only two accountants at a construction company. They split the accounting work in the company according to their preferences. They also split the salary, which is actually a single senior accountant's salary, equally between the two of them. In the context of employee benefits, this scenario best exemplifies _____.

• A) a flextime plan
• B) a job-sharing plan
• C) telecommuting
• D) affirmative action

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Definitions:

Security Agreement

A legal document that provides a lender a security interest in a specified asset or property that is pledged as collateral for a loan.

Preexisting Mortgage

A mortgage that is already in place on a property before any new agreements, purchases, or legal actions concerning the property.

Purchasing

involves the process of acquiring goods or services in exchange for monetary compensation.

Apartment Building

A residential building containing multiple apartments or units meant for separate tenants.