Certified Legal Manager - ALA | Questions with 100% correct answers | verified

Benefits that have been exempted from income taxation by law to encourage employers to provide these benefits the their employees, such as medical insurance, disability and group-term life insurance. - Answer-Statutory Fringe Benefits Tests that measure a person's judgment in work settings. - Answer-Situational Judgment Tests A management theory stating that different situations call for different leadership styles and that essentially there is no one best way to lead. - Answer-Situational Leadership A salary differentiation system that bases compensation on an individual's education, experience, knowledge, skills or specialized training. - Answer-Skill-Based Pay Internal costs that have a predetermined billing value such as copy and facsimile. - Answer-Soft Disbursements Insurance that typically covers all risks, including theft, unless specifically excluded from the policy. - Answer-Special Form Coverage Computer software used to create worksheets consisting of columns and rows. - AnswerSpreadsheet A demand made by the insured, or the insured's beneficiary for payment of the benefits provided by the contract. - Answer-Claim Form of insurance that pays claims presented to the insurer during the term of the policy or within a specific term after its expiration. It limits liability insurers' exposure to unknown future liabilities. - Answer-Claims Made Coverage Enacted to strengthen and improve federal civil rights laws by providing for damages in cases of intentional employment discrimination, clarifying provisions regarding disparate impact actions and for other purposes. - Answer-Civil Rights Act of 1991 Filing in sequence according to date. - Answer-Chronological FilingCopies of outgoing correspondence arranged in chronological order. - Answer-Chronological Files Shredding of paper or media by a bonded company. - Answer-Certified Destruction Occurs when a rater gives all employees a score within a narrow range in the middle of the scale. - Answer-Central Tendency Error The overall amount of cash generated by the company that is available to the company to manage the business. - Answer-Cash Flow Revenue is recorded when the cash is received and expenses are recorded when the bills are actually paid. - Answer-Cash Basis Accounting Groupings of records that pertain to a specific person, place, thing, event or program. - Answer-Case Files Provision of tax law that allows current losses or certain tax credits to be utilized in the tax returns of future periods. - Answer-Carryovers Client pays law firm up to a specified maximum amount, but no more. - Answer-Capped Fees Portion of the total gain recognized on the sale or exchange of a non-inventory asset which is not taxed as ordinary income. - Answer-Capital Gain