According to the Worker Adjustment and Retraining Notification (WARN)Act,_____

question 25

Multiple Choice

According to the Worker Adjustment and Retraining Notification (WARN) Act,_____.

• A) all but small employers and public employers are required to provide written notice of a plant closing or mass layoff no less than 60 days in advance.
• B) employers who have less than 500 full-time employees are not covered under the act.
• C) employers are not required to give an advance notice in case of mass layoffs.
• D) all actions arising out of a natural disaster such as a flood, earthquake, or drought require an employer to provide 60 days' advance notice to the employees.

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Definitions:

Chinese Currency

Refers to the official currency of China, primarily the Renminbi (RMB), with the yuan as the basic unit.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to more money leaving the country than coming in from foreign nations.

Net Outflow

The difference between the outflow of funds for foreign investments by citizens and the inflow of foreign funds for domestic investments.

Trade Surplus

A situation where a country's exports exceed its imports over a given time period, reflecting a positive balance of trade.