Which term describes a person employed by a business?

Study for the Oklahoma Property and Casualty Test. Use flashcards and multiple choice questions with hints and explanations. Ensure you are fully prepared for your exam!

Multiple Choice

Which term describes a person employed by a business?

Explanation:
The term that describes a person employed by a business is "Employee." An employee is someone who works for an organization or individual under a contract of employment, which may be for a definite time period or indefinite. Employees typically receive wages or a salary and are entitled to certain rights and benefits as mandated by employment laws. This relationship is defined by the employer-employee dynamic, where the employer has control over the work performed, including the methods and means of achieving the employee's job responsibilities. In contrast, a custodian is responsible for cleaning and maintenance tasks, an agent refers to someone authorized to act on behalf of another, often in legal or business transactions, and a partner denotes an individual engaged in a business partnership, sharing profits and liabilities. While these roles are important within a business context, they do not specifically capture the essence of being employed by a business, which is correctly identified by the term "Employee."

The term that describes a person employed by a business is "Employee." An employee is someone who works for an organization or individual under a contract of employment, which may be for a definite time period or indefinite. Employees typically receive wages or a salary and are entitled to certain rights and benefits as mandated by employment laws. This relationship is defined by the employer-employee dynamic, where the employer has control over the work performed, including the methods and means of achieving the employee's job responsibilities.

In contrast, a custodian is responsible for cleaning and maintenance tasks, an agent refers to someone authorized to act on behalf of another, often in legal or business transactions, and a partner denotes an individual engaged in a business partnership, sharing profits and liabilities. While these roles are important within a business context, they do not specifically capture the essence of being employed by a business, which is correctly identified by the term "Employee."

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