CERTIFIED LEGAL MANAGER ALA EXAM NEWEST 2024-2025 COMPLE
110 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONAL
(VERIFIED ANSWERS)
Study online at https://quizlet.com/_fpciw9
Benefits that have been exempted from
income taxation by law to encourage em-
ployers to provide these benefits the their Statutory Fringe Benefits
employees, such as medical insurance,
disability and group-term life insurance.
Tests that measure a person's judgment
Situational Judgment Tests
in work settings.
A management theory stating that differ-
ent situations call for different leadership
Situational Leadership
styles and that essentially there is no one
best way to lead.
A salary differentiation system that
bases compensation on an individual's
Skill-Based Pay
education, experience, knowledge, skills
or specialized training.
Internal costs that have a predetermined
Soft Disbursements
billing value such as copy and facsimile.
Insurance that typically covers all risks,
including theft, unless specifically ex- Special Form Coverage
cluded from the policy.
Computer software used to create work-
Spreadsheet
sheets consisting of columns and rows.
A demand made by the insured, or the
insured's beneficiary for payment of the Claim
benefits provided by the contract.
Form of insurance that pays claims pre-
sented to the insurer during the term of
the policy or within a specific term after Claims Made Coverage
its expiration. It limits liability insurers'
exposure to unknown future liabilities.
Enacted to strengthen and improve fed-
eral civil rights laws by providing for dam-
Civil Rights Act of 1991
ages in cases of intentional employment
discrimination, clarifying provisions re-
, CERTIFIED LEGAL MANAGER ALA EXAM NEWEST 2024-2025 COMPLE
110 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONAL
(VERIFIED ANSWERS)
Study online at https://quizlet.com/_fpciw9
garding disparate impact actions and for
other purposes.
Filing in sequence according to date. Chronological Filing
Copies of outgoing correspondence
Chronological Files
arranged in chronological order.
Shredding of paper or media by a bond-
Certified Destruction
ed company.
Occurs when a rater gives all employees
a score within a narrow range in the mid- Central Tendency Error
dle of the scale.
The overall amount of cash generated
by the company that is available to the Cash Flow
company to manage the business.
Revenue is recorded when the cash
is received and expenses are recorded Cash Basis Accounting
when the bills are actually paid.
Groupings of records that pertain to a
specific person, place, thing, event or Case Files
program.
Provision of tax law that allows current
losses or certain tax credits to be utilized Carryovers
in the tax returns of future periods.
Client pays law firm up to a specified
Capped Fees
maximum amount, but no more.
Portion of the total gain recognized on
the sale or exchange of a non-inventory
Capital Gain
asset which is not taxed as ordinary in-
come.
The portion of the budget process in
which management focuses specifically Capital Budget
on the company's fixed asset needs.
Usually synonymous with fixed or tangi-
ble assets including land, buildings, ma-
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