ENTREPRENEUR VS EMPLOYEE QUIZ

Wage employment is when you work for someone as a means of earning money.

• True

• False

Pay periods include:

• Weekly

• Fortnightly

• Yearly

• Monthly

A weekly pay period is when the person gets pay:

• Every 2 weeks

• Every weekend

• Every month

• Every year end

A fortnightly pay period is when the person gets pay:

• Every 2 weeks

• Every weekend

• Every month end

• Every year end

A monthly pay period is when the person gets pay:

• Every month end

• Every weekend

• Every other week

• Every other month

Getting paid bi-weekly is the same as getting paid:

• Every weekend

• Every month

• Every 2 weeks

• Hourly

In the case of wage employment – there are two parties: employer and employee.

• True

• False

Am employee is their own boss and pays themselves.

• True

• False

An employee is someone who is paid to do a specific job

• True

• False

When you are self-employed, you make your income from the profit that the business makes

• True

• False