Which of the Following Is NOT a True Statement About

question 46

Multiple Choice

Which of the following is NOT a true statement about the Family and Medical Leave Act?

• A) The law applies to all public and private employers regardless of size.
• B) Eligible employees have worked for the employer for at least one year.
• C) Leave may be taken for personal illness or the birth of a child.
• D) Eligible employees must be granted up to 12 weeks of leave.

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Definitions:

Legal Title

The formal right of ownership of property, which may include possessions, assets, or real estate, recognized and protected by law.

Perpetual Inventory System

A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Periodic Inventory System

An inventory accounting system that updates inventory levels and cost of goods sold at the end of an accounting period, rather than after each sale or purchase.

FIFO

"First In, First Out," an inventory valuation method where goods first received are the first to be sold or used, assuming costs rise over time.