Your friend, Bumble Beasley, just graduated from State University with a degree in business. He is planning to start his own consulting firm, and has asked you for accounting advice. Specifically, he has the following questions:
Respond to Bumble's questions.
Definitions:
Fair Labor Standards Act
An act that set rules for the employment of workers, including minimum wage levels, hours of work, and conditions for overtime.
Labor Management Relations Act
The Labor Management Relations Act (or Taft-Hartley Act) (1947) was a response to public outcries against a wide variety of strikes in the years after World War II; its basic purpose was to curtail and limit union practices.
Occupational Safety and Health Act
A law enacted to ensure that employers provide employees with an environment free from recognized hazards, such as exposure to toxic chemicals, excessive noise levels, mechanical dangers, heat or cold stress, or unsanitary conditions.
Taft-Hartley Act
A United States federal law passed in 1947 that restricts the activities and power of labor unions.
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