Nancy's Employer Distributes Checks at the End of Each Quarter,representing

question 95

Multiple Choice

Nancy's employer distributes checks at the end of each quarter,representing an equitable portion of 5 percent of the company's pretax profits for the previous period.These checks represent

• A)pay for performance.
• B)pay for knowledge.
• C)profit sharing.
• D)a bonus.
• E)gainsharing.

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Definitions:

Personal Liability

The legal responsibility of an individual to bear the financial costs associated with either their actions or inactions.

Scope of Employment

A legal concept referring to the range of activities an employee is reasonably expected to engage in as part of their job duties.

Torts

Legal wrongs committed against a person or property, excluding breach of contract, for which a court provides a remedy in the form of an action for damages.

Apparent Authority

The appearance or assumption of authority based on the conduct or statements of the principal, leading third parties to believe an agent has authority to act.