Chapter 6 Flashcards
a standard workweek is 40 hours in a ___ day period of 8 hours each day
five
A form of employee compensation, _____ are in addition to your paycheck
benefits
when deductions are subtracted from gross pay, what is left is known as
Net pay
Amounts, both required and optional, subtracted from gross pay are called
deductions
Profit sharing is a way to encourage employees to do more and better work, this is known as ______
incentive pay
A group of people working in the same or similar occupations, organized for the benefit of all, is an ___
Labor union
The main function of unions is______, which is the process of getting together with employers to negotiate an employment contract.
Collective bargaining
the principle of ______ states that the person who has worked he longest should be the last to be laid off.
seniority
The American Bar Association is an example of a _____
Professional organization
An effort made to influence legislation to the advantage of a profession known as ____
Lobbying
The total rate of pay or salary is called
gross pay
A person is ____ when he or she is entitled to a retirement account balance when employment is terminated
vested
a type of work schedule that allows employees to choose their working hours is known as _____
flextime
______ is a technique used to train employees to be efficient in more than one specialized area
job rotation
when two people share what was originally a full-time position, it is called _____
job sharing
