The ____ Requires Employers with 100 or More Full-Time Employees

question 180

Multiple Choice

The ____ requires employers with 100 or more full-time employees to give advance notice of a plant closing or mass layoff if 50 or more employees will be affected.

• A) Employee Warning and Adjustment Act
• B) Employee Adjustment and Retraining Notification Act
• C) Worker Announcement and Reinstatement Act
• D) Worker Alert and Retraining Notification Act
• E) none of the other choices are correct

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Definitions:

Direct Labor

Direct labor refers to the wages or salaries paid to employees who are directly involved in the manufacturing or production of goods.

Overhead

The indirect costs or expenses incurred by a business that are not directly tied to specific product production or service.

Conversion Cost

The sum of direct labor costs and manufacturing overhead costs, representing the expenses necessary to convert raw materials into finished goods.

Equivalent Unit

A concept used in cost accounting to represent a partially finished unit in terms of a full finished unit.