Which of the Following Statements About Laws Requiring Employers to Provide

question 43

Multiple Choice

Which of the following statements about laws requiring employers to provide services and benefits to their employers is true?

• A) The first law that actually dealt with employee benefits was passed in 1972.
• B) The Pregnancy Discrimination Act requires employers to grant equal benefits for pregnancy as for other disabilities
• C) The Family and Medical Leave Act requires all employers to grant an employee up to twelve weeks unpaid leave annually.
• D) The Employee Retirement Income Security Act was designed to protect the interests of workers covered by private retirement plans.
• E) The Economic Recovery Tax Act gave employers tax credit for providing health benefits for their employees.

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Definitions:

Safety Stock

Extra inventory held to guard against uncertainty in demand or supply, minimizing the risk of stockouts.

Projected On-Hand Inventory

An estimate of the amount of stock that will be physically available in inventory at any given time, factoring in current stock levels, incoming supply, and outgoing orders.

MRP Logic

The set of principles and calculations used in Material Requirements Planning, aimed at ensuring the right materials are available for production at the right time.

Lot-For-Lot

An inventory management ordering policy where the order quantity is made exactly equal to the demand for the upcoming period.