If Employers Covered by the ________ Do Not Notify the Employees

question 73

Multiple Choice

If employers covered by the ________ do not notify the employees (and their union, if applicable) of layoffs, they may have to offer back pay and fringe benefits and pay penalties as well.

• A) Davis-Bacon Act
• B) Workers' Adjustment Retraining and Notification Act
• C) Right-to-Work Act
• D) Employee Free Choice Act
• E) Fair Labor Standards Act

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Definitions:

Drawing Account

An account that tracks amounts withdrawn from a business by its owners for personal use, which reduces the owner's equity.

Capital Account

An account on a nation's balance of payments that records all transactions related to asset changes, including investments and loans.

Liabilities

Financial obligations or debts owed by a business to outsiders, which are required to be settled in the future.

Drawing

A withdrawal made by an owner from the business for personal use.