Which of the Following Is True Regarding Compensatory ("Comp")time

question 6

Multiple Choice

Which of the following is true regarding compensatory ("comp") time?

• A)employers can require employees to use up their accrued comp time, regardless of whether employees wish to do so
• B)the maximum amount of comp time that can be banked is capped at 240 hours for most employees
• C)acceptance of comp time can be made a condition for receiving overtime work
• D)b and c
• E)all of the above

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Definitions:

Futures Contract

An arrangement, enforceable by law, where individuals agree to trade a specified commodity or financial instrument at a previously established price, to be fulfilled at a specified time ahead.

Forward Contract

is a non-standardized contract between two parties to buy or sell an asset at a specified future date for a price agreed upon today.

Settlement Date

The date on which a trade is finalized, and the buyer must make payment and the seller must deliver the asset.

Option Contract

A financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price within a certain period.