Examlex
Match the terms with their definitions.Some terms may not be used
a.Advisory board
b.Public company
c.Private company
d.Corporate bylaws
e.Corporate charter
f.Limited partnership
g.Partnership
h.Professional corporation
i.Public company
j.Sole proprietorship
k.Unlimited liability
-A type of company that offers limited liability to its owners and passes taxable income or losses on to the shareholders.
Overtime Provisions
Regulations that define the conditions under which employees are entitled to extra pay for working beyond the standard working hours.
Exempt Employees
Workers who are exempt from the overtime pay requirements and minimum wage laws under the Fair Labor Standards Act due to their job duties and salary levels.
Fair Labor Standards Act
U.S. legislation aimed at protecting workers against unfair pay practices and work conditions, establishing minimum wage, overtime pay eligibility, and child labor standards.
Hazardous Occupation
Jobs or activities that involve a high risk of physical harm or health dangers to the individual performing them.
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