The Five Categories of Exempt Jobs, as Defined by the FLSA

question 49

Multiple Choice

The five categories of exempt jobs, as defined by the FLSA, are _______________.

• A)executive, administrative, professional, computer employees, outside sales
• B)administrative, legal, professional, outside sales, and skilled trades
• C)professional, human resources, legal, computer employees, and outside sales
• D)executive, legal, human resources, educational workers, and skilled trades

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Definitions:

Break-even Point

The point at which total revenues equal total costs, resulting in no profit or loss.

Break-even Sales

The amount of sales revenue needed to cover all fixed and variable costs, leading to a situation where there is no profit or loss.

Fixed Costs

Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Break-even Point

The point at which total costs and total revenues are equal, meaning there is no profit or loss.