The Worker Adjustment and Retraining Notification Act (WARN)requires

question 40

Multiple Choice

The Worker Adjustment and Retraining Notification Act (WARN) requires:

• A)Unemployment pay for fired workers
• B)60 days notice of plant closures for employers with over 100 employees
• C)100 days notice of plant closures for employers with over 60 employees
• D)Notice only to senior managers of plant closings

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Definitions:

Replacement Payments

Payments made to compensate for goods or services that were faulty, damaged, or otherwise inadequate, ensuring the recipient receives what was originally contracted.

Interest Rate

A percentage that measures the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed.

Equal Payments

A series of payments of the same amount made at regular intervals for a specified period of time.

Loan Date

The specific date on which a loan agreement goes into effect or when the loan funds are disbursed.