Before the 1930s, the Average Work Week Prescribed by Law

question 75

True/False

Before the 1930s, the average work week prescribed by law was forty hours; however, workers were dissatisfied because there was no minimum wage.

---

Definitions:

Comparative Performance

The process of comparing the performance metrics of different securities, investments, or portfolios to benchmark or industry standards.

Fund Managers

Professionals who manage investment funds, making decisions about which securities to buy or sell in order to achieve the investment objectives of the fund.

Rate of Return

Returns or drawbacks experienced in an investment over an established period, articulated as a percentage of the investment's outlay.

Calculating

The process of determining a quantitative answer or figure through mathematical operations or procedures.