Which of the Following Is True Regarding the Result in the Case

question 5

Multiple Choice

Which of the following is true regarding the result in the Case Opener,the case involving whether FedEx illegally refused to collectively bargain with single-route drivers on the basis that they were independent contractors,not employees?

• A) To determine whether the FedEx drivers should be classified as employees or independent contractors, the court applied federal statutory law.
• B) The court found that FedEx did not exercise the degree of control necessary for the relationship to be considered employer-employee.
• C) The court found that at times the drivers acted as employees and that other times they acted as independent contractors and that they would, therefore, be classified as independent contractors.
• D) The court found that at times the drivers acted as employees and that other times they acted as independent contractors and that they would, therefore, be classified as employees.
• E) The court found that all the rights and duties of employees as agents applied to their relationship with FedEx.

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Definitions:

Consolidated Balance Sheet

A financial statement showing the combined assets, liabilities, and equity of a parent company and its subsidiaries as if they were a single entity.

Fair Value Enterprise Method

An approach to valuation that estimates the price at which an entire business would exchange between knowledgeable and willing parties.

Journal Entry

A record of financial transactions in the accounting system of a business, consisting of debits and credits.

Elimination Entry

Elimination entry involves making accounting entries in consolidated financial statements to remove the effects of intercompany transactions.