The Most Common Form of Flexible Working Hours Is a "4-40

question 156

True/False

The most common form of flexible working hours is a "4-40" schedule -- that is, 40 hours of work accomplished in four 10-hour days.

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Definitions:

Services

Intangible products that cannot be stored, touched, or seen and are consumed at the point of delivery, such as healthcare, education, and financial advising.

Present Value

The present value of a future amount of money or series of cash flows, considering a certain interest rate.

Semiannually

Semiannually means occurring twice a year, typically at six-month intervals.

Discounted

A financial term referring to an instrument, transaction, or cash flow that is valued in present terms, taking into account the time value of money.