Management decides that training supervisors to identify and prevent bullying is not necessary, and they do not fund a program budget. What aspect of risk management does this illustrate? (Workplace) {Ans: Organization's risk tolerance. Management has decided that it is willing to accept the risk that bullying will occur and possible organizational costs. This is an example of an organization's risk tolerance, the amount of unmanaged risk that management is willing to accept.}According to the Fair Labor Standards Act, when must overtime be paid to a nonexempt employee? (Workplace) {Ans: When the employee works 43 hours in a week even though he/she is salaried. All nonexempt workers must be paid overtime pay: 1.5 times their regular rate of pay for hours worked in excess of 40 hours in any workweek. The regular rate of pay includes basic pay plus nondiscretionary bonuses, shift premiums, production bonuses, and commissions. It does not include other supplemental earnings such as discretionary bonuses, employers' contributions to benefit plans, pay for unworked hours, or small noncash gifts on special occasions (generally valued under $25, such as a holiday turkey).}incentive pay (People) {Ans: Form of direct compensation where employers pay for performance beyond normal