Indirect compensation - Study guides, Class notes & Summaries

Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023. Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER One of the characteristics of an insurance contrac...

A company decides to reflect the worker's compensation losses against the profit function and to determine how many units must be sold to offset these costs. Indirect costs are five times direct costs and there is a profit margin of 15% on each unit sold and the worker's compensation for the last year were $90,000. What is the volume in sales needed to offset the worker's compensation losses, when the losses are treated as production costs? - Answer-The profit margin is 15%, indirect cost is ...

WGU C202 Managing Human Capital All Exam: Questions and Answers (2024/2025) (Verified Answers by Expert) Assured A+. 1. Direct financial compensation - compensation received in the form of salary, wages, commissions, stock options or bonuses 2. indirect financial compensation - all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance 3. nonfinancial compensation - rewards and incentives given to em...

NEBOSH general certificate questions with complete solution Reasons for promoting good standards of health and safety - answer-Moral - reasonable standards Legal - breaking the law, prison, fine, improvement orders, compensation Financial - loss of earnings & insurance increase The cost to the employer after an accident - answer-Direct cost - normally insured Sick pay/Overtime Compensation Fines Legal fees Indirect cost - normally uninsured Reputation Recruitment (to replace injured...

WGU C202 Managing Human Capital exam questions with 100% verified answers 2024 Direct financial compensation - ANSWERS compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation - ANSWERS all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance nonfinancial compensation - ANSWERS rewards and incentives given to employees that a...

WGU C202 MANAGING HUMAN CAPITAL EXAM QUESTIONS AND VERIFIED ANSWERS (2024 / 2025) / A+ GRADE Direct financial compensation - ANSWERS compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation - ANSWERS all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance nonfinancial compensation - ANSWERS rewards and incentives given to empl...

Direct financial compensation - compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation - all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance nonfinancial compensation - rewards and incentives given to employees that aren't financial in nature base pay - reflects the size and scope of an employee's responsibilities sever...

ICAEW LawFeatures of criminal law - correct answer 1) State disapproves the conduct 2) Purpose - enforcement of particular forms of behavior 3) Case brought by the State 4) Burden of proof: on prosecution 5) Standard of proof: high standards 6) Object: to regulate society by the threat of punishment 7) Penalties: Fine or imprisonment Features of civil law - correct answer 1) Private law 2) Purpose - to resolve individual disputes 3) Case brought by claimant 4) Burden of proof on cl...

Direct financial compensation correct answers compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation correct answers all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance nonfinancial compensation correct answers rewards and incentives given to employees that aren't financial in nature base pay correct answers reflects the si...

Direct compensation includes which of the following correct answer: Long-term incentive pay Indirect compensation is represented by which of the following correct answer: Social Security benefits An audit and review of the services and costs billed by health-care providers is known as correct answer: Practice analysis Person-based pay systems correct answer: Will not work when large numbers of professionals are employed Executives typically receive correct answer: A wider variet...