The Worker Adjustment and Retraining Notification Act Requires Notification to Be

question 9

Multiple Choice

The Worker Adjustment and Retraining Notification Act requires notification to be given:

• A) six months in advance for any plant closing.
• B) sixty days in advance for any plant closing.
• C) sixty days in advance for plant closings resulting in the loss of fifty or more jobs, but not for temporary layoffs.
• D) sixty days in advance for plant closings resulting in the loss of fifty or more jobs, and for layoffs of fifty employees or thirty-three percent of workers at a site for thirty days or more.
• E) sixty days in advance for plant closings resulting in the loss of fifty or more jobs, and thirty days in advance for layoffs affecting more than thirty-three workers at the site.

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Definitions:

Amortization Expense

The portion of the cost of a fixed asset deducted from revenue over its useful life for accounting purposes.

Operating Expenses

The costs associated with the day-to-day operations of a business, not including the cost of goods sold.

Fixed Assets

Long-term tangible assets used in the operations of a business that are not expected to be consumed or converted into cash within a year.

Trademark

A trademark is a recognizable sign, design, or expression which identifies products or services of a particular source from those of others.