Employment, Entrepreneurship, and Compensation

Question 1

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

Revolt · Accepted Answer

C: monetary and nonmonetary benefits

Question 2

Which scenario represents a monetary benefit of employment?

Revolt · Accepted Answer

A: Tena receives a bonus every year.

Question 3

Which statement identifies a benefit of entrepreneurship to the economy?

Revolt · Accepted Answer

A: Entrepreneurs provide new job opportunities.

Question 4

Which is a recommended approach for entrepreneurs?

Revolt · Accepted Answer

A: receiving funds from grant programs

Question 5

Which of these is a productive strategy to grow a new business?

Revolt · Accepted Answer

D: networking to develop business relationships by joining professional organizations

Question 6

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

Revolt · Accepted Answer

B: The employee has a high-deductible health plan.

Question 7

Which of the following is true regarding entrepreneurs and taxation?

Revolt · Accepted Answer

C: They must calculate and pay their own income taxes.

Question 8

What is the difference between an employee and a contractor?

Revolt · Accepted Answer

B: Contractors may choose when and where they work.

Question 9

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

Revolt · Accepted Answer

C: Both receive paid time off.

Question 10

Which statement best provides examples of nonmonetary benefits?

Revolt · Accepted Answer

C: Nonmonetary benefits include flexible working hours, paid leave, and health insurance.

Employment, Entrepreneurship, and Compensation Answers