Personal Finance Ch. 6 Multiple Choice Questions

A company plan whereby employees receive a portion of the earnings of the company is called (a) profit sharing, (b) leave of absence, (d) sick pay, (d) retirement plan.

a

Railroad employees would belong to a(n)_____ union. (a) craft, (b) industrial, (c) public-employee, (d) professional

a

Which of the following is not considered a required deduction? (a) federal income tax, (b) savings deposits, (c) state tax, (d) Social Security tax

b

A company allowance for full-time employees whereby they are paid even though they are absent for a set number of days is called (a) profit sharing, (b) leave of absence, (c) sick pay, (d) retirement plan.

c

Teachers and police officers would belong to a(n)____ union. (a) craft, (b) industrial, (c) public-employee, (d) professional

c

The major function of labor unions is (a) collecting dues, (b) conducting strikes, (c) collective bargaining, (d) having meetings

c

A decision facilitated by a neutral third party is called (a) lobbying, (b) seniority, (c) collective bargaining, (d) mediation

d

Employee services include all of the following except (a) employee discounts, (b) tuition reimbursement, (c) wellness programs, (d) profit sharing.

d

A technique for training employees to be efficient in more than one specialized area is called (a) core time period, (b) job rotation, (c) flextime, (d) job sharing

b