In What Circumstances Will Samson Be an Employer and David

question 10

Multiple Choice

In what circumstances will Samson be an employer and David an independent contractor?

• A)Samson is paying David to perform a task and David is subject to the control and direction of Samson.
• B)David has authority to bind Samson to a contract with a third party.
• C)Samson is paying David to perform a task but has no control over how David will complete the task.
• D)David is claiming to be Samson's legal representative.

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Definitions:

Cash Invest

The process of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.

Semiannual Interest

Interest calculated or paid twice a year on loans, bonds, or savings accounts.

Bonds Dated

The date specified in the bond document when the bond was issued, important for determining interest payments and maturity.

Fair Value

An estimate of the price at which an asset would be bought or sold in a current transaction between willing parties, not under compulsion.