If Employers Covered by the ________ Do Not Notify the Employees

question 73

Multiple Choice

If employers covered by the ________ do not notify the employees (and their union, if applicable) of layoffs, they may have to offer back pay and fringe benefits and pay penalties as well.

• A) Davis-Bacon Act
• B) Workers' Adjustment Retraining and Notification Act
• C) Right-to-Work Act
• D) Employee Free Choice Act
• E) Fair Labor Standards Act

Grasp the role of organizational language and special lingo in internal communication and integration.

Understand the concept of incremental analysis in decision-making.

Differentiate between relevant and irrelevant costs in decision scenarios.

Apply the concept of sunk costs to financial decisions.

---

Definitions:

Overapplied

A situation in cost accounting where the allocated cost is greater than the actual cost, often requiring adjustment.

Machine Hours

A measure of production time or operational usage, calculated by the number of hours a machine is run in a specific period.

Factory Overhead

All indirect costs associated with manufacturing that are not classified as direct labor or direct materials, including utilities, depreciation, and maintenance expenses.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company.