The Worker Adjustment and Retraining Notification Act Applies to Situations

question 11

Multiple Choice

The Worker Adjustment and Retraining Notification Act applies to situations in which entire plants are to be shut down or a layoff is to occur. WARN applies to:

• A) all employers of any size business.
• B) employers of 50 or more full-time workers with a layoff of 20 or more to occur.
• C) employers of 75 or more full-time workers with a layoff of 35 or more to occur.
• D) employers of 100 or more full-time workers with a layoff of 50 or more to occur.

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Definitions:

Subsidiary Ledger

A secondary ledger containing detailed information to support accounts listed in the general ledger, such as accounts receivable or payable details.

Accounts Receivable

Financial accounting of money owed to a business by its clients or customers for goods or services provided on credit.

Subsidiary Ledger

A subsidiary ledger is a detailed list to support a general ledger account, such as accounts receivable or accounts payable, where individual transactions with entities or items can be tracked.