Under the FLSA, Regular Rate of Pay Does Not Include

question 44

Multiple Choice

Under the FLSA, regular rate of pay does not include:

• A) vacation pay.
• B) severance pay.
• C) overtime pay.
• D) earned bonuses.
• E) All of the above are considered wages.

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Definitions:

Production Function

A mathematical model that describes the relationship between the inputs used in production and the output of goods or services that results from those inputs.

Technology

The application of scientific knowledge for practical purposes, especially in industry and improvements in equipment, machinery, and processes.

Input Prices

refer to the costs associated with the raw materials and components required for the production of goods and services.

Variable Inputs

Resources used in production that can be adjusted in the short term to change the level of output.