Location Advantages Are Influenced by Costs of Production, Access to Natural

question 7

True/False

Location advantages are influenced by costs of production, access to natural resources and critical supplies, as well as the needs of customers, but not culture.

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Definitions:

Fair Labor Standards Act

U.S. legislation that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards in the private sector and federal, state, and local governments.

National Minimum Wage

The lowest salary that employers are legally obligated to pay workers, set by government legislation to ensure a basic standard of living.

Mandatory Overtime

A requirement enforced by an employer that employees work beyond their scheduled hours, often due to operational demands.

Public Sector Bargaining Laws

Regulations and laws that govern the collective bargaining process for public sector employees, including teachers, firefighters, and police officers.