The _____ Requires That Employers Give Workers 60 Days Warning

question 63

Multiple Choice

The _____ requires that employers give workers 60 days warning regarding layoffs, as well as severance pay.

• A)Employer's Liability Act
• B)Worker Adjustment and Retraining Notification Act
• C)Protection of Employment Regulations
• D)Age Discrimination in Employment Act
• E)Equal Pay Act

Comprehend the principles of cooperative and competitive relationships within the supply chain.

Understand the basic concepts and terminology related to supply chain and inventory management, such as advanced shipping notices, just-in-time (JIT) systems, quick response (QR) inventory systems, and radio frequency identification (RFID) tags.

Comprehend the various types of inventory systems and their advantages in improving product availability and reducing inventory costs.

Identify the role of technology, including RFID and point-of-sale (POS) systems, in facilitating efficient supply chain management.

---

Definitions:

Positive Externalities

Benefits that occur from a transaction or activity to third parties who are not directly involved in the transaction or activity.

External Costs

Costs of a transaction or activity that affect parties who did not choose to incur that cost and are not reflected in market prices, often necessitating government intervention.

External Benefits

The positive effects of a transaction or an activity on an uninvolved third party or the society at large, which are not reflected in the market prices.

Externality

An economic term describing an indirect effect of a transaction not reflected in the market price, affecting third parties who did not choose to be involved.