Asked by Mercedes Guevara on May 30, 2024
Verified
Which of the following statements more accurately describes an employee rather than an independent contractor?
A) The person is an essential part of an employer's organization.
B) The person provides his/her own tools.
C) The person is free to represent others in the same business.
D) The person determines his/her own work schedule
E) The person has a high level of financial risk.
Independent Contractor
A person or entity contracted to perform work for—yet not employed by—another entity, retaining control over how the work is executed.
Essential Part
A component or aspect of something that is fundamental to its function, nature, or structure.
- Differentiate between being an employee and an independent contractor, understanding their importance in legal and functional aspects.
Verified Answer
PN
Princess NessaJun 05, 2024
Final Answer :
A
Explanation :
An employee is typically considered an essential part of an employer's organization, meaning their work is integral to the business's operations. Independent contractors, on the other hand, often provide their own tools (B), have the freedom to work for others in the same business (C), determine their own schedules (D), and may carry a higher level of financial risk (E) due to the nature of their contractual work.
Learning Objectives
- Differentiate between being an employee and an independent contractor, understanding their importance in legal and functional aspects.