Which of the Following Statements Is Accurate in Regard to Exempt

question 94

Multiple Choice

Which of the following statements is accurate in regard to exempt and non exempt employees?

• A) Exempt employees must be paid at time and one half their rate for hours work over 40 in one week.
• B) Employees who hold outside sales types of positions are mostly likely exempt.
• C) Only those in executive level positions are eligible to be exempt.
• D) Non-exempt employees can be paid less than minimum wage.
• E) Overtime worked on weekend days should be paid at double time.

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Definitions:

Moral Hazard

The tendency of a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behavior.

Diversification

An investment strategy that minimizes risk by allocating assets among various financial instruments, industries, or other categories.

Market Risk

Risk that affects all companies in the stock market.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs).