Cortez Works for a Large Retailer That Sells Various Kinds

question 33

Multiple Choice

Cortez works for a large retailer that sells various kinds of linens (towels, sheets, blankets, pillow cases) . Which of the following is an internal event he should consider as he develops a risk management plan?

• A) Whether management will accept his plan.
• B) Employee embezzlement.
• C) Ways to reduce risk internally.
• D) An internal system for monitoring the risk management plan.

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Definitions:

State Disability Insurance

A government insurance program that provides partial wage replacement to eligible workers who are unable to work due to a non-work-related illness or injury.

Payroll Tax Expense

Dues assessed on both employers and employees, generally calculated based on a fraction of the earnings paid to employees by their employers.

State Unemployment Tax Rate

The percentage rate at which employers are taxed by a state to fund unemployment insurance benefits, varying by state and employer's experience with layoffs.

Federal Unemployment Tax Rate

The rate at which employers are taxed by the federal government to fund the unemployment benefit programs.