Which of the Following Is True About Independent Contractors

question 36

Multiple Choice

Which of the following is true about independent contractors?

• A) They receive more company benefits than other workers.
• B) They are not subject to any provisions of payroll laws.
• C) They may not work any overtime hours.
• D) They must provide proof of employment insurance before commencing work.

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Definitions:

Total Revenue

The overall amount of money generated by a firm from its sales activities before any costs or expenses are subtracted.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates a significant response, while low elasticity indicates little to no response.

Dairy Farmers

Individuals or businesses involved in the production of milk and possibly other dairy products from animals such as cows or goats.

Milk Production

The process of producing milk, mainly from dairy cows, for human consumption.