Flo Has Been Working at ABC Corporation for Four-And-A-Half Years

question 24

Multiple Choice

Flo has been working at ABC Corporation for four-and-a-half years. Her pension plan will vest at her five-year work anniversary. She has had great performance evaluations and has received regular raises and promotions. The internal finance department has determined that cost cutting is needed to keep the company profitable. They recommend that Flo be fired before her pension vests and becomes a permanent liability against the corporation. They cannot fire her to keep her pension from vesting based on:

• A) ERISA.
• B) COBRA.
• C) HIPPA.
• D) FLSA.
• E) IRCA.

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Definitions:

Labor Demand

The complete number of employees that businesses aim to recruit at a specific salary level, during a specified time frame.

Low-wage Country

A Low-wage Country is one where the average remuneration for labor is significantly lower than that in developed countries, often leading to cost-focused offshoring by firms.

Barriers

Barriers refer to obstacles that limit or prevent entry or access to a specific market, process, or resource by new competitors or participants.

International Flow of Labor

The movement of workers across borders from one country to another, mainly driven by demand for labor, economic disparities, and globalization.