"Tipped Employees" Can Be Paid Less Than the Minimum Wage

question 24

Multiple Choice

"Tipped employees" can be paid less than the minimum wage provided:

• A)they agree to a reduced minimum wage salary, however, if they don't agree they must be paid the full minimum wage and any tips are forfeited to the employer or the other employees
• B)they retain on an individual basis all tips that are earned; pooling of tips is not permitted
• C)their total pay in wages and tips equals at least the minimum wage
• D)the employee customarily and regularly receives at least $30 per week in tips

Describe the dilemma of trust between agents and constituents.

Analyze the outcomes of being perceived as a weak or compromising negotiator.

Explain the relevance of face threat sensitivity in negotiation.

Understand the purpose of communicating with bystanders and audiences during negotiations.

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Definitions:

Net Operating Income

The earnings derived from a company's day-to-day operations, after subtracting all operational expenses except interest and taxes.

Absorption Costing

An accounting method that includes all manufacturing costs (both fixed and variable) in the cost of a product.

Contribution Margin

The profit remaining after variable costs have been subtracted from revenue, indicating how much contributes to covering fixed costs and generating profit.

Variable Cost

Variable costs are expenses that change in proportion to the activity of a business, such as materials and labor costs.