Certified Legal Manager – ALA Exam Questions and Answers (Solved Papers) Statutory Fringe Benefits - Correct Answers ✅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 - Correct Answers ✅Tests that measure a person's judgment in work settings.Situational Leadership - Correct Answers ✅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 - Correct Answers ✅A salary differentiation system that bases compensation on an individual's education, experience, knowledge, skills or specialized training.Soft Disbursements - Correct Answers ✅Internal costs that have a predetermined billing value such as copy and facsimile.Special Form Coverage - Correct Answers ✅Insurance that typically covers all risks, including theft, unless specifically excluded from the policy. 1 / 3
Certified Legal Manager – ALA Exam Questions and Answers (Solved Papers) Spreadsheet - Correct Answers ✅Computer software used to create worksheets consisting of columns and rows.Claim - Correct Answers ✅A demand made by the insured, or the insured's beneficiary for payment of the benefits provided by the contract.Claims Made Coverage - Correct Answers ✅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 - Correct Answers ✅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 - Correct Answers ✅Filing in sequence according to date.Chronological Files - Correct Answers ✅Copies of outgoing correspondence arranged in chronological order.Certified Destruction - Correct Answers ✅Shredding of paper or media by a bonded company. 2 / 3
Certified Legal Manager – ALA Exam Questions and Answers (Solved Papers) Central Tendency Error - Correct Answers ✅Occurs when a rater gives all employees a score within a narrow range in the middle of the scale.Cash Flow - Correct Answers ✅The overall amount of cash generated by the company that is available to the company to manage the business.Cash Basis Accounting - Correct Answers ✅Revenue is recorded when the cash is received and expenses are recorded when the bills are actually paid.Case Files - Correct Answers ✅Groupings of records that pertain to a specific person, place, thing, event or program.Carryovers - Correct Answers ✅Provision of tax law that allows current losses or certain tax credits to be utilized in the tax returns of future periods.Capped Fees - Correct Answers ✅Client pays law firm up to a specified maximum amount, but no more.Capital Gain - Correct Answers ✅Portion of the total gain recognized on the sale or exchange of a non-inventory asset which is not taxed as ordinary income.
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