Employer-Sponsored Employee Assistance Programs (EAPs) Are Created to Help Workers

question 74

Multiple Choice

Employer-sponsored employee assistance programs (EAPs) are created to help workers overcome hurdles in their personal lives. Which of the following employees is the most likely to receive help under a typical EAP?

• A) John Jones, who needs assistance to overcome a chemical dependency problem.
• B) Steve Brown, who needs legal help in a personal bankruptcy proceeding.
• C) Cindy Savage, who needs a list of qualified day-care facilities near the office.
• D) Kate Johnson, who needs help choosing an appropriate M.B.A. program.

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Definitions:

Residual Value

The projected valuation of an asset at the termination of its usability period.

Depreciation Estimates

Projections made regarding the decrease in value of a fixed asset over time, affecting financial statements and tax liabilities.

Residual Value

The anticipated worth of an asset upon reaching the conclusion of its serviceable life.

Double-Declining-Balance

An accelerated method of depreciation which doubles the regular depreciation amount, reducing the value of an asset more quickly in its early years.