Fact Pattern Maya and Noel Work at OpenFlo Plumbing Supply.Maya Is a Supply.Maya

question 22

Multiple Choice

Fact Pattern
Maya and Noel work at OpenFlo Plumbing Supply.Maya is a plumbing engineer who works with OpenFlo clients on residential plumbing and field draining and irrigation projects.OpenFlo closely supervises all of its engineers,and dictates their work schedules.Noel works part-time in the evenings cleaning the offices and warehouse.
-Refer to Fact Pattern 20-1A.Maya is OpenFlo's

• A)employee,agent,and independent contractor.
• B)employee and agent.
• C)employee but not agent.
• D)independent contractor.

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Definitions:

Callable Bond

A type of bond that the issuer has the right to repay before its maturity date, at a predetermined call price.

Sinking Fund

A reserve fund established by a company to repay debt or replace a major asset in the future.

Income Bond

A type of bond that only pays interest if the issuing corporation has earned enough income to cover the interest payments, often used by companies in financial distress.

Registered Form

Registrar of company records ownership of each bond; payment is made directly to the owner of record.