Even If the Federal Compensation Laws Change, It Is Unnecessary

question 43

True/False

Even if the federal compensation laws change, it is unnecessary to change pay systems to ensure continued compliance.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, aiming to standardize the law in all 50 states.

Federal Trade Commission

A U.S. federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Equal Credit Opportunity Act

A U.S. federal law ensuring that all consumers are given an equal chance to obtain credit.

Truth-In-Lending Act

A U.S. federal law designed to protect consumers in their dealings with lenders and creditors, by requiring clear disclosure of key loan terms and costs.