Which of the Following Employees Are Exempt from the Minimum

question 14

Multiple Choice

Which of the following employees are exempt from the minimum wage provisions of FLSA (Federal Labor Standards Act) ?

• A) none are exempt as this would be a violation
• B) if the employee is paid a salary as opposed to wages
• C) if the employee agrees to the stated wage and waives her right to be paid minimum wage

---

Definitions:

Systematic Risk

The risk inherent to the entire market or a segment thereof, also known as market risk, which cannot be eliminated through diversification.

Stock Market

A public market for buying, selling, and trading stocks (shares) of publicly-held companies.

Alpha

A measure of the excess return of an investment relative to the return of a benchmark index.

Actual Return

The real gain or loss experienced on an investment, typically expressed as a percentage of the investment's initial cost.