Fact Pattern 19-2 Faye Works as an Administrator and Receptionist for Garage Door

question 61

Multiple Choice

Fact Pattern 19-2
Faye works as an administrator and receptionist for Garage Door Store.The store withholds federal taxes from Faye's pay,and controls the methods and details of the performance of her work.Faye is not authorized to modify the prices or other terms of a sale at the store.Homer installs Garage Door products at the buyers' locations.
-Refer to Fact Pattern 19-2.Garage Door hires Janitorial Service Company to clean the store.Garage Door gives Janitorial Service instructions as to what needs to be cleaned and when.With respect to Garage Door,Janitorial Service is​

• A)an independent contractor.
• B)an employee only.
• C)an employee and agent.
• D)an principal.

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Definitions:

Operating Stages

The phases through which a business or a production process goes, typically including startup, growth, maturity, and possibly decline.

Purchasing Assets

The act of acquiring goods or property that have value and can generate income or appreciate over time.

Herfindahl Index

A measure of the size of firms in relation to the industry and an indicator of the amount of competition among them.

Market Shares

The percentage of total sales or total demand in an industry attributed to a particular company over a specified period.