If a Worker Is an Employee,the Employer Must

question 22

Multiple Choice

If a worker is an employee,the employer must:

• A)provide worker's compensation coverage for the employee
• B)provide unemployment insurance for the employee
• C)provide health insurance for the employee
• D)all of the above
• E)a and b only

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Definitions:

Price Discrimination

The strategy of selling the same product at different prices to different groups of consumers, based on willingness to pay.

Discount Retailers

Stores that offer products at lower prices by accepting lower margins in return for a high sales volume.

Arbitrage

The practice of taking advantage of price differences between markets to make a profit.

Vertical Contracts

Agreements between firms at different levels in the supply chain (e.g., manufacturer and retailer) to govern the terms of sale or purchase.