Which Act Provides Employees Up to 12 Weeks a Year

question 71

Multiple Choice

Which Act provides employees up to 12 weeks a year of unpaid leave in specified situations?

• A) Social Security Act
• B) Family and Medical Leave Act
• C) Fair Labor Standards Act
• D) Patient Protection and Affordable Care Act

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Definitions:

Capital Surplus

Represents the amount received by a company from the sale of shares above their par value, often reflecting the excess of invested capital over the nominal value of equity.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, thereby possessing certain rights and responsibilities.

Charter

A legal document that establishes a corporation or city, outlining its rights, privileges, and purposes.

Par Value

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.