BUS 409 QUIZ 9Download 1. As the vice-president, Sheila will receive short-term incentive compensation awards based on which two conditions? 2. These rights provide employees with an opportunity to purchase a number of stocks at a designated price within a specified period of time. 3. Under SEC rules, which of the following is true? 4. Restricted stock generally allows the executives ownership of the stock after how many years? 5. A short-term incentive plan would most likely be used for which company employee? 6. Under the Troubled Assets Relief Program (TARP), banks with financial assistance from the federal government can only deduct how much annually for an executive's pay as a business expense? 7. The SEC's Summary Compensation Table contains data covering how many years? 8. What is the advantage of compensation deferment until retirement for a CEO? 9. This refers to the sale of stock by the stockholder. 10. The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal. XYZ Inc. also provides a membership to an exclusive country club to its CEO. These kinds of benefits offered to CEOs are called 11. This type of executive bonus plan is similar to the appraisal system used to determine merit increases for non-executive employees. 12. The IRS considers Sylvia to be a highly compensated employee for Beautiful Pictures, Inc., which means she has at least one of which of the following qualifications in the preceding year? 13. XYZ Pharmaceuticals recently announced that the clinical trials for a cancer drug failed to cure the illness. This announcement led to a dramatic decrease in the stock value of the company. The company hired a new CEO two years ago when the clinical trials for this drug had already initiated. Which one of the following is true about the compensation of the CEO of XYZ Pharmaceuticals? 14. These entitle an executive to purchase company stock in the future for a predetermined price. 15. This type of executive bonus is based on a bonus pool that is determined by a fixed-formula that is not determined by the executive's performance. 16. Which type of contingent worker would work for a company on a long-term basis, presumably on an indefinite basis? 17. A worker considered part-time is working less than how many hours in a week? 18. Temporary employment agencies are responsible for complying with all federal employment legislation except which one? 19. Ashley was working as a part-time employee in a private company. She has just been laid off. Under which protection will she temporarily continue receiving employer-sponsored health care insurance coverage? 20. According to the safe harbor rules, leased employees can make up no more than what percentage of your company's total workforce? 21. What group most strongly opposes the use of contingent workers? 22. To be covered by FLSA overtime and minimum wage provisions, seasonal employees must work for a company that is open how many months in a year? 23. What percentage of part-time employees had access to employer-sponsored health insurance programs in 2010? 24. Since temporary workers are employees of both the temporary employment agency and the client company, the dual employer common law doctrine establishes temporary workers' right to receive which of the following? 25. ARAMARK providing cafeteria service workers to a client company is an example of the utilization of which type of employees? 26. John is offered to be an adjunct faculty for a semester to teach a statistics class in place of a professor who is on a sabbatical leave. This example represents which of the following? 27. When a telecommuting employee works from a remote extension from the employer's office that includes a clerical staff and a full-time manager, that employee is said to be working at what type of office? 28. Who has the authority to define a "year of service" for pension protection purposes? 29. An employee living in which place would benefit most from telecommuting due to minimizing expenses and commute time? 30. The Bureau of Labor Statistics does not monitor pay levels for which type of temporary workers?