What remedies can an employee seek under the Fair Labor Standards Act?
Employees may file suit to recover back wages and overtime plus liquidated damages in an equal amount. They may also seek reinstatement and may recover legal fees. The statute of limitations for violations is two years; for willful violations it is extended to three years. Employees generally may not release employers for less than the full amount owing, nor may employees waive their rights to compensation under the act. The child labor prohibitions are enforced by the prohibition of interstate shipment of goods produced by child labor and by fines. Fines may also be levied against employers who keep inadequate wage and hour records.
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Which of the following corporate strategies is being employed when a large grocery store purchases a dairy farm to supply all of the store-brand milk, yogurt, butter, and cheese?
A. conglomerate diversification B. vertical integration C. functional strategy D. low-cost strategy E. differentiation strategy
Which of the following approaches to defining publics identifies "knowledgeables" or "influentials" based on others' perceptions of these individuals?
A. Psychographics D. Position B. Reputation E. Role in the decision process C. Covert power
Tangerine Inc. is evaluating a capital project for investment. The initial cash outflow in Year 0 is $1,500 followed by cash inflow of $500 each year for four years. Which of the following is the terminal value of the project? Assume the required rate of return is 12%. (Round off the answer to two decimal places.)
A. $3,336.78 B. $2,486.23 C. $2,389.66 D. $1,889.45 E. $1,626.57
A director or officer is not liable to the corporation for a bad business decision
a. True b. False Indicate whether the statement is true or false