Answer the following statements true (T) or false (F)

Question

1. Reports from the U.S. Bureau of Labor Statistics are a good source of information to assess internal candidates for promotion. 
2. Collective bargaining consists of negotiations between top management and shareholders about disputes over compensation and benefits. 
3. The Wagner Act allows the President of the United States to prevent or end a strike that threatens national security. 
4. Products from child labor were banned under the Fair Labor Standards Act of 1938. 

Answer 1

1. FALSE
In looking outside for recruiting, you need to consider the availability of talent in your industry's and geographical area's labor pool, the training of people graduating from various schools, and such factors as what kind of people are moving into your area. The U.S. Bureau of Labor Statistics and the U.S. Census Bureau issue reports on such matters.
2. FALSE
Collective bargaining consists of negotiations between management and employees about disputes over compensation, benefits, working conditions, and job security.
3. FALSE
A 1947 law (the Taft-Hartley Act) allows the President of the United States to prevent or end a strike that threatens national security.
4. TRUE
The Fair Labor Standards Act of 1938 established minimum living standards for workers engaged in interstate commerce, including provision of a federal minimum wage (currently $7.25 an hour) and a maximum workweek (now 40 hours, after which overtime must be paid), along with banning products from child labor.