An Employee Whose Contract for Service Includes an Entitlement to 1

question 40

Multiple Choice

An employee whose contract for service includes an entitlement to 1 week's cumulative sick leave per annum will be entitled to how many weeks' sick leave after 3 years' employment if no sick leave has been taken?

• A) One week.
• B) Between 1 and 3 weeks depending on annual leave entitlements.
• C) Three weeks.
• D) Either 1 or 3 weeks depending on long service leave entitlements.
• E) None of the given answers.

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Definitions:

Recession

A short-lived economic contraction, featuring a reduction in both trade and industrial activities, conventionally confirmed by observing a GDP decrease in two back-to-back quarters.

Money Demand Curve

A graphical representation showing the relationship between the interest rate and the total quantity of money that people hold at various levels of interest.

Nominal GDP

The market value of all final goods and services produced within a country in a specific period, measured in current prices.

Price Level

An index that measures the average of current prices of goods and services in comparison with the prices in a base year.