Exam (elaborations)
CHFM Finance and Administration Test | 60 Questions with 100% Correct Answers | Verified | Latest Update 2024
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What does the acronym FTE stand for? - Full Time Equivalent What are the number of hours that make up an FTE? - 40 hours per week; 2080 hours per year 40 hours per week x 52 weeks = 2,080 hours What are budgeted hours? - Budgeted hours are estimated hours that an employee works per pay period in a particular assignment restricted by the planned expenditure for a fiscal year. How is overtime defined? - Overtime is defined as greater than 40 hours per week or greater than 2,080 hours per year. Who is eligible for overtime under the Fair Labor Standards Act (FLSA)? - Non-exempt Employee
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CHFM Finance And Administration
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CHFM Finance and Administration
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