HR Professionals Should Know the Following About Unemployment Insurance Benefits

question 164

Multiple Choice

HR professionals should know the following about unemployment insurance benefits:

• A)benefits are not paid unless the employee submits to an exit interview.
• B)in most cases, unemployment insurance benefits expire in eight weeks.
• C)firms are required to pay benefits only for employees dismissed through no fault of their own.
• D)unemployment insurance benefits are not available to exempt employees.

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Definitions:

Sole Stockholder

A single individual or entity that owns 100% of the shares of a corporation.

Corporate Entity

A corporate entity is a company or group that is authorized to act as a single entity and recognized as such in law, separate from its shareholders.

Promoter

An individual or entity that takes the initiative in founding and organizing a business or enterprise, often before it’s officially established.

Sole Shareholder

An individual or entity that owns 100% of the shares of a corporation, maintaining complete control.