Which of the Following Statements Is True According to the Davis-Bacon

question 9

Multiple Choice

Which of the following statements is true according to the Davis-Bacon Act of 1931 and the Walsh-Healy Public Contracts Act of 1936?

• A) Under these laws,individuals aged 18 and 19 may not be employed in hazardous occupations defined by the Department of Labor.
• B) Federal contractors must pay their employees at rates at least equal to the prevailing wages in the area.
• C) The overtime rate applies to the hours worked beyond 45 in one week.
• D) Employers must pay a training wage to workers under the age of 15 for a period of up to 60 days.
• E) Organizations can defend themselves against claims of discrimination by showing that they pay the going market rate.

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Definitions:

EPS

EPS stands for Earnings Per Share, a key financial indicator that divides net earnings available to shareholders by the average outstanding shares, illustrating the company's profit on a per-share basis.

Common Share Price

The market price at which a common share of a company is traded on the stock exchange.

Business Risk

Business risk refers to the potential for losses or less-than-expected profits resulting from factors that affect a company's operations or industry, excluding financial risk.

Demand Variability

Refers to the extent to which demand for a product or service can fluctuate over a certain period, affecting inventory levels, production planning, and supply chain management.