Which Act Establishes a Minimum Wage,requires Overtime Pay and Record

question 95

Multiple Choice

Which Act establishes a minimum wage,requires overtime pay and record keeping,and provides standards for child labor?

• A) Davis-Bacon Act
• B) Walsh-Healy
• C) Norris-LaGuardia Act
• D) Fair Labor Standards Act (FLSA)

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Definitions:

Periodic

Relating to, occurring, or appearing at regularly occurring intervals.

Corresponding Cost

Corresponding cost refers to the specific expenses directly associated with the production of a good or service, similar to direct costs.

Discount Period

The time frame in which a payment can be made at a discounted rate from the total amount owed.

Perpetual

An inventory system where updates are made continuously to the inventory records, reflecting each sale or purchase.