The WARN Act Requires Employers to Give Employees at Least

question 46

True/False

The WARN act requires employers to give employees at least 120 days advance notice of a plant closure affecting at least 50 employees.

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Definitions:

Investments in Inventory

Funds allocated by a business to purchase goods and materials held for resale or production.

Minimum Costs

The lowest amount that can be spent on the production of a good or service while maintaining its quality.

Holding Inventory

The process of storing unsold goods or materials that a business intends to sell to generate revenue.

Ordering Costs

Expenses associated with placing orders for goods or services, including cost of paperwork, communication, and transportation.