You Are Advising the President of a Newly Formed Company

question 68

Multiple Choice

You are advising the President of a newly formed company as to payroll obligations.This company is provincially regulated and is located in British Columbia.She has asked you to advise her as to legislative minimum standards regarding pay.You respond that the British Columbia Employment Standards Act sets minimum standards regarding pay for each of the following categories except

• A)paid vacation.
• B)minimum wage.
• C)paid statutory holidays.
• D)overtime pay.
• E)pensions.

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Definitions:

Executive Leaders

Senior members of an organization responsible for making strategic decisions and ensuring that the organization achieves its objectives.

Goals

Objectives or desired outcomes that individuals or organizations aim to achieve within a specific time frame.

Expectancy Theory

A motivational theory suggesting that people are motivated to act in certain ways based on their expectations of the outcome and the value they place on that outcome.

Specific Rewards

Targeted benefits or incentives provided to individuals or groups for achieving certain goals or performance criteria.