Please explain the significance of the Fair Labor Standards Act (FLSA) for compensation programs.
What will be an ideal response?
Compensation programs must meet federal and state statutory and regulatory requirements. The Fair Labor Standards Act differentiates exempt and nonexempt workers; the organization must pay nonexempt workers at least the minimum wage, must pay time worked in excess of 40 hours a week overtime at a rate of 1.5 times the normal pay, and must provide records to the federal government on hours worked and regular and overtime pay for all nonexempt workers.
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A company usually makes a reversing entry
A) on the first day of the next accounting period. B) at the end of the prior accounting period. C) on the second day of the next accounting period. D) on the last day of the next accounting period.
Explain how luxury brands can benefit during an economic recession from having lower-priced brands or sub-brands in their portfolio
What will be an ideal response?
The inventory procurement process begins with the purchasing clerk preparing a purchase order
Indicate whether the statement is true or false
Four basic forms of cardinality are possible: zero or one (0,1), one and only one (1,1), one or many (1,M), and many and only many (M,M)
Indicate whether the statement is true or false