The California Legislature Is in Session

question 4

Multiple Choice

The California legislature is in session:

• A)part time (no more than 90 days) each year
• B)full time during even numbered years, part time during odd numbered years
• C)part time, unless the Governor calls a special session
• D)full time every year

Recognize the challenges and issues related to executive compensation and its alignment with organizational performance.

Understand the distinctions between wages and salaries and their implications under employment law.

Understand the concept and purpose of employee assistance plans.

Identify the various determinants of a firm's compensation strategy.

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, capable of owning assets, incurring debts, and entering into contracts.

Bond Investment Transactions

A financial activity involving the buying or selling of bonds, which are debt securities issued by entities to raise funds.

Accrued Interest

The interest that has been incurred but not yet paid at the end of a period on loans or bonds.

Semiannual Interest

Interest that is computed and disbursed semi-annually.