An Alternative to Layoffs in Which Some Employees Agree to Take

question 45

Multiple Choice

An alternative to layoffs in which some employees agree to take time off in order to reduce the employer's payroll and avoid the need for a layoff is called

• A)voluntary reduction in pay with time off.
• B)voluntary time off.
• C)contingent employment.
• D)bumping with time off.
• E)a ring of defence.

Identify the conditions under which a bank must recredit a customer's account for a forged check.

Differentiate between a certified check and a cashier's check regarding bank liability.

Understand the legal relationship and obligations between a depositor and bank, including relevant legislation.

Explain the consequences of a bank's negligence or failure to honor its duties, including financial compensations.

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Definitions:

Negative Income Tax

A proposed form of social assistance that provides income support by giving individuals a guaranteed minimum income, with payments decreasing as the recipient's income rises.

Food Stamps

A government-issued coupon or electronic card system used to assist in purchasing food for those in need.

Official Poverty Line

The minimum level of income deemed adequate in a particular country to live, which is used to determine who is classified as impoverished or in need of financial assistance.

Urban Family

A family unit residing within a city or densely populated area, which may face unique living, economic, and social conditions distinct from rural families.