Which of the Four General Factors Which Bear Upon Whether

question 145

Multiple Choice

Which of the four general factors which bear upon whether a master-servant relationship exists is determinative:

• A) selection and engagement of the servant
• B) payment of compensation
• C) power of dismissal
• D) power of control
• E) all of the other specific choices are determinative

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Definitions:

Factors

Elements or conditions that contribute to producing a specific outcome or effect.

Notes Receivable

Financial assets representing amounts owed to the holder by others through formal written promises to pay at a future date.

Credit Period

The time frame allowed by a seller for a buyer to pay for goods or services, typically expressed in days.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.