Quiz On Company Policies

Explanation
If the 17th and/or the 2nd of the month falls on a weekend, the pay is not released on a Friday before the set date. This means that even if these dates fall on a weekend, the pay will not be released early.

Explanation
Salary advances are not provided for employees with valid emergency reasons. This means that the statement "Salary advances are provided for employees with valid emergency reasons" is false.

Explanation
The correct answer is "carried over to the next month" because it implies that any unused tech incentive of $10 will not be lost or forfeited, but instead, it will be accumulated and available to be used in the following month. This suggests that there is a system in place that allows the incentive to be carried forward, ensuring that it is not wasted and providing an incentive for individuals to continue earning and accumulating these incentives over time.

Explanation
The correct answer is All Saints Day, Christmas Holiday, Good Friday, and New Year's Holiday. These are the dates that are considered as company holidays.

Explanation
Unused PTOs, or Paid Time Off, refers to the number of vacation or personal days an employee has not used during a given year. The statement suggests that these unused PTOs can be carried over to the following year, meaning they can be saved and used at a later time. Additionally, the statement specifies that these unused PTOs cannot be converted into cash, indicating that they cannot be exchanged for monetary compensation. Therefore, the correct answer is "True."

Explanation
Employees who choose to forfeit their lunch break in order to log in late or leave early will be tagged as UT, which stands for undertime. This means that they will be marked as having worked less than the required hours for that day. This policy indicates that the company does not tolerate employees sacrificing their lunch break for the sake of arriving late or leaving early.

Explanation
The correct answer is "a voluntary resignation" because when an employee is absent from work for two consecutive days without notifying their employer, it can be seen as a deliberate decision to resign from their position. By not showing up and not providing any explanation or notification, the employee is essentially indicating their intention to leave the job voluntarily. Therefore, this absence can be interpreted as a voluntary resignation.

Explanation
Full-time members are the only ones eligible for paid leave of absence (holidays). This means that part-time members and project-based members are not entitled to paid leave.

Explanation
The statement suggests that a salary increase is guaranteed upon the 3rd month performance evaluation. However, the correct answer is False, indicating that a salary increase is not guaranteed. This means that the evaluation may or may not result in a salary increase, depending on various factors such as performance, company policies, and budget constraints.

Explanation
The correct answer options state that having other work commitments outside KEP-CVP is allowed if they are approved by Erik and Sage and if they can be performed and arranged around your schedule. This implies that any other work commitments must receive approval from Erik and Sage and should not interfere with or conflict with your responsibilities in KEP-CVP.

Explanation
VPs are high-level executives who are responsible for making important decisions and managing teams. They are expected to be highly responsive and efficient in their communication. A response time of 2 - 5 minutes indicates that VPs are required to be prompt in addressing messages or requests received through platforms like Slack or Zoom. This quick response time allows VPs to stay connected, provide timely guidance, and ensure smooth communication within the organization.

Explanation
Wage and salary increases are typically based on merit and the company's revenue. Merit refers to an individual's performance and contribution to the organization, and those who perform well are often rewarded with higher wages. Additionally, the company's revenue plays a significant role in determining the ability to provide salary increases. When a company's revenue is high, it is more likely to have the financial resources to offer higher wages to its employees.

Explanation
For tech upgrade allowance, it is necessary for the item/s to be upgraded to be pre-approved and assessed by Erik/Sage. Additionally, a receipt is required in order to avail the allowance.

Explanation
PTOs, or Paid Time Off, can be used for vacation and sick leave. Vacation refers to the time off taken by an employee for leisure or personal reasons, while sick leave is the time off taken when an employee is ill or injured. PTOs are typically provided by employers as a benefit to their employees, allowing them to take time off without losing their regular pay. However, PTOs cannot be used for unauthorized absence, which refers to the absence from work without permission or valid reason. Therefore, the correct answers for the question are vacation and sick leave.