Jana Has a Two-Week Work Schedule

question 63

Multiple Choice

Jana has a two-week work schedule. During week one, she works from 8 to 5, or nine hours a day. During week two, she works Monday through Thursday from 8 to 4:45, or 8.75 hours a day. She does not work at all the Friday of week two. The Fair Labor Standards Act requires that Jana be paid overtime

• A)both weeks because she works more than 8 hours in a day.
• B)for week one because she works more than 40 hours in a week.
• C)for both weeks because she begins work before 9:00 A.m.
• D)for week one because she works 9 or more hours in a day.

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Definitions:

Equity

Refers to the ownership interest held by shareholders in a corporation, represented by the company's common and preferred stock.

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a stock or another security at a specified price before the contract expires.