Which of the Following Requires That Employers of 100 or More

question 87

Multiple Choice

Which of the following requires that employers of 100 or more employees provide 60 days' notice before starting a layoff of 50 or more people?

• A)COBRA
• B)ERISA
• C)ECP Act
• D)WARN Act

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Definitions:

Debit Cards

Plastic cards issued by banks that allow cardholders to transfer money electronically from their bank account when making a purchase.

Grace Period

A set period of time after the due date during which payment can be made without penalty.

M2

A money aggregate consisting of M1 plus savings deposits, small-denomination time deposits, money market mutual funds, and other miscellaneous near-monies.

Near-Monies

Assets that are easily convertible into cash but are not cash themselves, such as savings accounts and time deposits.