In the Ragsdale V

question 14

Multiple Choice

In the Ragsdale v.Wolverine World Wide case discussed in the text,the question was whether the Department of Labor could validly institute a regulation giving an employee the right to an additional 12 weeks of family or medical leave if the employer failed to notify the employee that the 12 weeks of leave provided by the Family and Medical Leave Act ran concurrently with the thirty weeks of paid disability leave provided by the employer.How did the U.S.Supreme Court rule?

• A) The U.S.Supreme Court invalidated the regulation because it granted entitlements not set forth in the Family and Medical Leave Act and that were inconsistent with the purpose of the statute.
• B) The U.S.Supreme court upheld the regulation as a valid exercise of the Department of Labor's power.
• C) The U.S.Supreme Court invalidated the regulation because it had not first been approved by a federal judge despite the entitlements set forth in the Family and Medical Leave Act.
• D) The U.S.Supreme Court invalidated the regulation because it had not first been approved by the executive branch.

---

Definitions:

Market Participants

Entities or individuals involved in trading or investing in financial markets, including buyers, sellers, and intermediaries.

Semi-Strong Form Efficiency

This refers to a theory suggesting that all public information is already accounted for in stock prices, and that it's impossible to achieve higher returns using this information alone.

Market Efficiency

a condition in which asset prices fully reflect all available information.

Well-Organized Markets

Refers to financial markets that are structured efficiently, facilitating the seamless exchange of securities.