Briefly describe the origin and purpose of the Fair Labor Standards Act (FLSA)
The Fair Labor Standards Act was passed by Congress and signed into law on June 25, 1938. The FLSA deals with four areas: minimum wages, overtime pay provisions, child labor, and equal pay for equal work. The Equal Pay Act is an amendment to the FLSA. The FLSA, as amended, provides for three bases of coverage. Employees, who are engaged in interstate commerce, including both import and export, are covered. In addition, employees who are engaged in the production of goods for interstate commerce are subject to the FLSA. In 1966, the FLSA was extended to cover some federal employees and to include state and local hospitals and educational institutions. In 1974, FLSA coverage was extended to most federal employees, to state and local government employees, and to private household domestic workers.?
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In multiparty negotiations, research shows that parties who approached multiple issues simultaneously
A. increased the likelihood of achieving agreement. B. exchanged less information. C. achieved lower quality agreements. D. have less insight into the preferences and priorities of the other parties at the table.
Which of the following is not a measurement issue in accounting?
A) When to record a business transaction. B) How to classify the items of a business transaction. C) When to classify the items of a business transaction. D) Where to record a business transaction.
GoodFurn Furniture Company has recently moved to a new, larger location. At the new location, it has been unable to attract sufficient customers. Its owner did not have the cash to pay the current loan installment due for the building and inventory So, he decided to reduce all merchandise prices by at least 50 percent for a weekend sale to earn enough to make his loan payment. In this case, the owner's pricing objective can be classified as:
a. market share maximization. b. satisfactory profits. c. asset maximization. d. sales maximization.
________ indicate what price investors are willing to pay for ownership in the company
A) Activity ratios B) Leverage ratios C) Liquidity ratios D) Market ratios E) Profitability ratios