Private Lotteries, Which Generally Are Held to Be Illegal, Involve

question 3

Multiple Choice

Private lotteries, which generally are held to be illegal, involve three elements:

• A) prize, chance, and consideration.
• B) return, skill, and wager.
• C) prize, skill, and consideration.
• D) attractive return, minimal involvement, and skill.

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Definitions:

Independently Negotiated

Terms or agreements that have been discussed and agreed upon between parties without external influence or coercion.

Training Rate

The pace or speed at which new employees are trained and prepared to perform effectively in their roles within an organization.

FLSA

The Fair Labor Standards Act, which sets standards for wages, overtime pay, and employment of minors in the United States.