The Fair Labor Standards Act of 1938 Does All of the Following

question 2

Multiple Choice

The Fair Labor Standards Act of 1938 does all of the following except

• A) limit maximum work hours.
• B) set child labor standards.
• C) set overtime-pay provisions.
• D) establish minimum wages.
• E) prohibit discrimination.

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Definitions:

Operating Cash Flows

The cash generated by a company’s normal business operations.

Payment Obligation

A financial commitment that requires a party to pay a certain amount of money by a specified date.

Character

In finance, character often refers to the qualitative assessment of a borrower's integrity and history in meeting debt obligations, used in credit analysis.

Capacity

The maximum amount that something can contain or produce, often used in the context of production and manufacturing facilities.