The FLSA

question 33

Multiple Choice

The FLSA:

• A) as a general rule, sets 16 years of age as the minimum age for employment.
• B) limits the number of hours worked by minors under the age of 18.
• C) was amended in 2006 to increase penalties against employers who violate child labor laws.
• D) increased penalties from $10,000 to $50,000 for each FLSA violation leading to the serious injury or death of a child worker.
• E) increased fines which are subject to doubling for repeated or willful violations.

Identify the effects of group size on individual behavior and decision-making.

Understand group dynamics including roles, communication structure, and power structure.

Analyze the influence of culture on conformity and obedience.

Recognize the phenomena of social loafing and its impact on group productivity.

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Definitions:

Field Warehouse Loan

A form of short-term financing where a lender provides a loan with inventory as collateral, which is stored on the borrower's premises but controlled by an independent third party.

Marketable Securities

Financial instruments that can be quickly converted into cash at market value, including stocks and bonds.

Raw Materials

Basic materials that are used in the production process of manufacturing goods, including metals, oil, grains, and other commodities.

Cash Discounts

Incentives offered by sellers to buyers for paying their invoices early, typically a percentage reduction in the invoice amount.