An Employee's Entitlement to a Minimum Wage Is Guaranteed by Federal

question 9

Multiple Choice

An employee's entitlement to a minimum wage is guaranteed by federal law.Consequently,it is a

• A) statutory right of the employee.
• B) moral obligation of the employer to the employee.
• C) contractual obligation of employer to employee.
• D) reciprocal relationship of employer and government.

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Definitions:

Debt-To-Equity Ratio

A financial ratio that assesses how a company's assets are financed through debt and equity.

Financing Structure

The composition of a company’s various sources of funds, including debt and equity financing.

Interest Expense

The cost incurred by an entity for borrowed funds, usually presented as an expense on the income statement.

Bond Issue

The process by which a government or corporation raises funds by selling bonds to investors, which are to be repaid with interest at a future date.