Employment, Entrepreneurship, and Compensation — Quiz

Question 1

Health Savings Accounts (HSAs) may be an option for an employee in which situation?

Revolt · Accepted Answer

The employee has a high-deductible health plan.

Question 2

Which statement best provides examples of non-monetary benefits?

Revolt · Accepted Answer

Non-monetary benefits include flexible working hours, paid leave, and health insurance.

Question 3

Which is a risk of being an entrepreneur?

Revolt · Accepted Answer

An entrepreneur can face bankruptcy in their business.

Question 4

Which statement accurately describes part-time employees?

Revolt · Accepted Answer

Part-time employees work fewer than 30 hours per week.

Question 5

Which scenario represents a monetary benefit of employment?

Revolt · Accepted Answer

Tena receives a bonus every year.

Question 6

Which statement accurately compares hourly and salaried employees?

Revolt · Accepted Answer

Both hourly and salaried employees are paid by the employer.

Question 7

What is the difference between an employee and a contractor?

Revolt · Accepted Answer

Contractors may choose when and where they work.

Question 8

Which are the two major elements of a total compensation package?

Revolt · Accepted Answer

Monetary and non-monetary benefits

Question 9

Entrepreneurs must secure their financing. Which type of financing is recommended for entrepreneurs to raise start-up money?

Revolt · Accepted Answer

The entrepreneur contributes their personal money.

Question 10

Which statement accurately compares full-time hourly and full-time salaried employees?

Revolt · Accepted Answer

Both receive paid time off.

Employment, Entrepreneurship, and Compensation — Quiz Answers