You Started Your Own Business 2 Years Ago, and Needed

question 10

Multiple Choice

You started your own business 2 years ago, and needed several part-time workers, but did not want and could not afford to pay them a minimum wage, or payroll taxes, so you classified them as independent contractors. At the time, a decent argument could be made that they were independent contractors, as there had been no rulings on your particular arrangement. Recently, for a business very similar to yours, the Department of Labor ruled that the workers of the business were employees, and not independent contractors. What should you do? ​

• A)nothing, unless the Department of Labor challenges your arrangement
• B)nothing, unless one of the workers complains
• C)have all of the workers sign independent contractor agreements immediately
• D)begin to treat them as employees, including paying a minimum wage, and withholding income taxes

Grasp the critical features and drawbacks of specific research methods and approaches in psychology.

Understand the basic definitions and types of options, including call and put options.

Comprehend the determinants of an option's value, including intrinsic value and time value.

Recognize the concepts of option pricing models, specifically the Black-Scholes model.

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Definitions:

Quadruple S-curve

A design principle characterized by the repetition of the 'S' curve shape four times, often found in architecture and art to create dynamic and flowing visual effects.

Metamorphoses

An epic poem by the Roman poet Ovid, consisting of a series of mythological tales centered on the theme of transformation.

Loves of the Gods

A popular theme in art and literature, often depicted in Renaissance and Baroque artworks, showcasing mythological stories involving romances between gods and mortals.

Juan Sánchez Cotán

A Spanish Baroque painter, renowned for his still life paintings characterized by their simplicity, realistic detail, and use of light and shadow.