According to the Administrative Rules Issued by the Department of Labor

question 37

Multiple Choice

According to the administrative rules issued by the Department of Labor in 2004:

• A) all employees,regardless of wage scales,were to receive overtime.
• B) all supervisors were reclassified as nonexempt.
• C) any job that was paid on an hourly basis was classified as nonexempt.
• D) jobs requiring primary manual work changed classifications.

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Definitions:

Economy

A framework for creating, distributing, and utilizing goods and services in a specific geographic region.

Economic Growth

A boost in the purchasing power adjusted market value of goods and services an economy creates over time.

Long Run

A period in economics sufficient for all markets to adjust, including production facilities and labor.

Capital

A resource, either financial or physical, that is employed with the aim of generating wealth through investment or production.