Certified Legal Manager - ALA | Questions with 100%
correct answers | verified
Statutory Fringe Benefits - ANSWER 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.
Situational Judgment Tests - ANSWER Tests that measure a person's judgment
in work settings.
Situational Leadership - ANSWER A management theory stating that different
situations call for different leadership styles and that essentially there is no one best
way to lead.
Skill-Based Pay - ANSWER A salary differentiation system that bases
compensation on an individual's education, experience, knowledge, skills or
specialized training.
Soft Disbursements - ANSWER Internal costs that have a predetermined billing
value such as copy and facsimile.
Special Form Coverage - ANSWER Insurance that typically covers all risks,
including theft, unless specifically excluded from the policy.
Spreadsheet - ANSWER Computer software used to create worksheets
consisting of columns and rows.
Claim - ANSWER A demand made by the insured, or the insured's beneficiary for
payment of the benefits provided by the contract.
Claims Made Coverage - ANSWER 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.
Civil Rights Act of 1991 - ANSWER 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.
Chronological Filing - ANSWER Filing in sequence according to date.
Chronological Files - ANSWER Copies of outgoing correspondence arranged in
chronological order.
Certified Destruction - ANSWER Shredding of paper or media by a bonded
company.
, Central Tendency Error - ANSWER Occurs when a rater gives all employees a
score within a narrow range in the middle of the scale.
Cash Flow - ANSWER The overall amount of cash generated by the company
that is available to the company to manage the business.
Cash Basis Accounting - ANSWER Revenue is recorded when the cash is
received and expenses are recorded when the bills are actually paid.
Case Files - ANSWER Groupings of records that pertain to a specific person,
place, thing, event or program.
Carryovers - ANSWER Provision of tax law that allows current losses or certain
tax credits to be utilized in the tax returns of future periods.
Capped Fees - ANSWER Client pays law firm up to a specified maximum
amount, but no more.
Capital Gain - ANSWER Portion of the total gain recognized on the sale or
exchange of a non-inventory asset which is not taxed as ordinary income.
Capital Budget - ANSWER The portion of the budget process in which
management focuses specifically on the company's fixed asset needs.
Capital Assets - ANSWER Usually synonymous with fixed or tangible assets
including land, buildings, machinery and equipment, furniture and fixtures and
vehicles.
Cafeteria Plan - ANSWER A benefit plan maintained by an employer for the
benefit of the employees under which each participant has the opportunity to select
the benefits they desire. Certain minimum choices and nondiscriminatory rules apply.
Byte - ANSWER Eight bits and the required amount of computer storage needed
for one keyboard stroke; KB = ~ 1K bytes; MG = ~ 1M bytes; GB = ~ 1B bytes
Business Interruption Insurance - ANSWER Protection for a business owner
against losses resulting from a temporary shutdown because of fire or other insured
peril. Provides reimbursement for lost net profits and necessary continuing
expenses.
Business Continuity Planning - ANSWER Broadly defined as a management
process that seeks to identify potential threats and impacts to the organization and
provide a strategic and operational framework for ensuring the organization is able to
withstand any disruption, interruption or loss to normal business functions or
operation.
Building Rentable Area - ANSWER The sum of all the floor rentable areas. The
portion of the inside finished surface of the permanent outer building wall which is
correct answers | verified
Statutory Fringe Benefits - ANSWER 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.
Situational Judgment Tests - ANSWER Tests that measure a person's judgment
in work settings.
Situational Leadership - ANSWER A management theory stating that different
situations call for different leadership styles and that essentially there is no one best
way to lead.
Skill-Based Pay - ANSWER A salary differentiation system that bases
compensation on an individual's education, experience, knowledge, skills or
specialized training.
Soft Disbursements - ANSWER Internal costs that have a predetermined billing
value such as copy and facsimile.
Special Form Coverage - ANSWER Insurance that typically covers all risks,
including theft, unless specifically excluded from the policy.
Spreadsheet - ANSWER Computer software used to create worksheets
consisting of columns and rows.
Claim - ANSWER A demand made by the insured, or the insured's beneficiary for
payment of the benefits provided by the contract.
Claims Made Coverage - ANSWER 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.
Civil Rights Act of 1991 - ANSWER 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.
Chronological Filing - ANSWER Filing in sequence according to date.
Chronological Files - ANSWER Copies of outgoing correspondence arranged in
chronological order.
Certified Destruction - ANSWER Shredding of paper or media by a bonded
company.
, Central Tendency Error - ANSWER Occurs when a rater gives all employees a
score within a narrow range in the middle of the scale.
Cash Flow - ANSWER The overall amount of cash generated by the company
that is available to the company to manage the business.
Cash Basis Accounting - ANSWER Revenue is recorded when the cash is
received and expenses are recorded when the bills are actually paid.
Case Files - ANSWER Groupings of records that pertain to a specific person,
place, thing, event or program.
Carryovers - ANSWER Provision of tax law that allows current losses or certain
tax credits to be utilized in the tax returns of future periods.
Capped Fees - ANSWER Client pays law firm up to a specified maximum
amount, but no more.
Capital Gain - ANSWER Portion of the total gain recognized on the sale or
exchange of a non-inventory asset which is not taxed as ordinary income.
Capital Budget - ANSWER The portion of the budget process in which
management focuses specifically on the company's fixed asset needs.
Capital Assets - ANSWER Usually synonymous with fixed or tangible assets
including land, buildings, machinery and equipment, furniture and fixtures and
vehicles.
Cafeteria Plan - ANSWER A benefit plan maintained by an employer for the
benefit of the employees under which each participant has the opportunity to select
the benefits they desire. Certain minimum choices and nondiscriminatory rules apply.
Byte - ANSWER Eight bits and the required amount of computer storage needed
for one keyboard stroke; KB = ~ 1K bytes; MG = ~ 1M bytes; GB = ~ 1B bytes
Business Interruption Insurance - ANSWER Protection for a business owner
against losses resulting from a temporary shutdown because of fire or other insured
peril. Provides reimbursement for lost net profits and necessary continuing
expenses.
Business Continuity Planning - ANSWER Broadly defined as a management
process that seeks to identify potential threats and impacts to the organization and
provide a strategic and operational framework for ensuring the organization is able to
withstand any disruption, interruption or loss to normal business functions or
operation.
Building Rentable Area - ANSWER The sum of all the floor rentable areas. The
portion of the inside finished surface of the permanent outer building wall which is
