Generally,employers Covered Under the FLSA Are

question 18

Multiple Choice

Generally,employers covered under the FLSA are:

• A)those engaged in interstate commerce.
• B)those whose annual gross sales exceed $1 million.
• C)those whose business affects intrastate commerce.
• D)those whose annual gross sales exceed $10 million.

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Definitions:

Premium

An additional payment above the nominal or face value of a transaction, security, or insurance policy.

Option Contract

A contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price on or before a given date.

Forward Contract

A customized contract between two parties to buy or sell an asset at a specified future date for a price agreed upon today.

Futures Contracts

Standardized legal agreements to buy or sell something at a predetermined price at a specified time in the future, often used for commodities or financial instruments.