The WARN Act Requires That Employers Give at Least 60

question 49

True/False

The WARN Act requires that employers give at least 60 days notice for a mass layoff.

---

Definitions:

Operating Expenses

Costs incurred during the normal operations of a business, excluding the cost of goods sold.

Sales

The transactions involving the exchange of goods or services for money, constituting the primary revenue source for most businesses.

Sales Discount

A reduction in the price of goods or services offered by a seller to a buyer, often to incentivize the purchase or prompt payment.

Merchandise

Goods or products that are bought and sold in business transactions.