Which of the Following Is a TRUE Statement About the Overtime

question 10

Multiple Choice

Which of the following is a TRUE statement about the overtime provisions for non-exempt employees of the Fair Labor Standards Act?

• A) A manufacturing firm with a 4-day/10-hour schedule must pay overtime for the two hours above 8 each day.
• B) Overtime pay is set at one and one-half times the regular pay rate for all hours in excess of 40 per week.
• C) Compensatory time off must be paid at straight time for all hours over 40 in a week or 8 in a day.
• D) d. The work week is defined as beginning at 12:01 a.m. Monday and running until midnight Sunday.

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Definitions:

Net Operating Income

The earnings a business achieves following the removal of operational costs from the income earned through its activities.

Break-even Point

The break-even point is the level of production or sales at which total revenues equal total costs, resulting in no profit or loss.

Break-even

The point at which total revenues and total expenses are equal, resulting in no net loss or gain.

Monthly Dollar Sales

The total sales revenue earned by a business within a month, measured in dollars.