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Chapter 6 Personal Finance Pay, Benefits, & Work Conditions

Total questions: 30

Worksheet time: 10mins

Name
Class
Date
1.

The total amount your earn before any deductions are subtracted

a)

net pay

b)

tax

c)

gross pay

d)

overtime pay

2.

Time worked beyond the regular hours.

a)

gross pay

b)

deduction pay

c)

net pay

d)

overtime pay

3.

If you have a _________ you usually do not receive additional pay for overtime work

a)

salary

b)

hourly pay

c)

hourly option

d)

salad

4.

Amount subtracted from your gross pay

a)

deduction

b)

repo

c)

withdrawal

d)

depreciation

5.

After all deductions are made out of your gross pay you have _______________ .

a)

overtime pay

b)

net pay

c)

option pay

d)

salary pay

6.

Profit sharing is also known as ______________ .

a)

option pay

b)

net pay

c)

deduction pay

d)

incentive pay

7.

Forms of employee compensation in addition to pay

a)

benefits

b)

reduction options

c)

self employed options

d)

payroll deduction

8.

Which of these is NOT a benefit and incentives

a)

profit sharing

b)

paid vacation

c)

paid holiday

d)

paid salary

e)

paid child care

9.

This is NOT used to improve employee moral and working conditions.

a)

child care

b)

sick pay

c)

leave of absence

d)

overtime

e)

insurance

10.

This is based on quality of work done, years of services, or company sales and profits.

a)

travel expenses

b)

bonuses

c)

stock options

d)

insurance

11.

This gives employees the right to buy a set number of shares of the company's stock at a fixed price.

a)

profit

b)

bonds

c)

bond options

d)

stock options

12.

You are entitled to this after a specific period of time such as five years.

a)

vested

b)

investment

c)

retirement deduction

d)

travel expenses pay

13.

Type of work schedule that allows employees to choose their working hours within defined limits

a)

eight hours scheduling

b)

flexible scheduling

c)

five day scheduling

d)

standard scheduling

14.

A normal work week consists of __________ hours a day for ________ days.

a)

8,5

b)

12,3

c)

8,6

d)

10,4

15.

Overtime is any time after ______ hours.

a)

38

b)

42

c)

40 1/2

d)

40

16.

Which professional organization is for lawyers.

a)

American Bar Association

b)

American Medical Association

c)

National Education Association

d)

American National Association

17.

Which of these is not a function of a union.

a)

recruit new members

b)

engage in collective bargaining

c)

support political candidates

d)

provide support services for members

e)

remove members that do not pay their fees

18.

The length of time on the job is used to determine transfers, promotions, and vacation time according to most union contracts

a)

priority

b)

seniority

c)

alleviated time

d)

union time

19.

A self-governing organizations that can be classified into three types

a)

credit union

b)

professional organization

c)

union

d)

lobbyist

20.

This type of union has limited to people with a trade.

a)

craft union

b)

industrial unions

c)

public-employee unions

21.

This type of union has skilled to unskilled employees in a particular place.

a)

craft union

b)

industrial unions

c)

public employee unions

22.

This type of union is organized like the other two except they generally do not hire people on the outside of the organization.

a)

craft union

b)

industrial unions

c)

public-employee unions

23.

This union consist of Teamsters, United Auto Workers

a)

craft union

b)

industrial unions

c)

public-employee unions

24.

This union consists of carpenters and bricklayers

a)

craft union

b)

industrial unions

c)

public-employee unions

25.

This union consists of firefighters, teachers, and police officers.

a)

craft unions

b)

industrial unions

c)

public- employee unions

26.

This is the person that union and employers go to when they cannot agree on a new contract.

a)

disciple

b)

arbitrator

c)

nationalist

d)

partisan

27.

A formal complaint by an employee or by the union that the employer has violated the contract

a)

plaudit

b)

acclaim

c)

sanction

d)

grievance

28.

A job which two people share one full-time position.

a)

job rotation

b)

job sharing

c)

compressed work

d)

permanent part-time

29.

A job designed for employees that can multi-task.

a)

job sharing

b)

flextime job

c)

job rotation

d)

permanent part-time

30.

When are the peak hours for business activities?

a)

10am to 3pm

b)

8am to 3pm

c)

9am to 5pm

d)

9am to 3pm