Which of the Following Is True of Fair Labor Standards

question 94

Multiple Choice

Which of the following is true of Fair Labor Standards Act (FLSA) ?

• A)It requires exempt employees to be paid time-and-a-half for hours in excess of 40 per week.
• B)It has led to Americans working lesser number of hours now as compared to earlier times due to rise in benefits.
• C)It is more likely to cause employers to classify workers as independent contractors rather than employees.
• D)It has led to part-time employees being more likely to receive benefits than full-time employees.
• E)It increases the employer's obligation to provide legally required employee benefits.

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Definitions:

Depreciation

The gradual reduction in the economic value of the physical assets of a company due to wear and tear over time, or the loss in value of a currency.

NDP

Net Domestic Product; it calculates the total value of all goods and services produced within a country in a specific period minus depreciation.

Intermediate Product

Goods that are used in the production process to make other goods, rather than being bought by consumers.

National Income Accountants

Specialists who compile national accounts, a system of accounts that provides detailed information on the economic activities and output of a nation, such as GDP, national income, and expenditure.