Question 31 (1 point)

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The Equal Pay Act (EPA) (1963), the first antidiscrimination act to protect women, prohibits discrimination on the basis of sex. Which of the following is an incorrect statement regarding the EPA?

Question 31 options:

a)	The EPA requires that equal pay for equal work apply to jobs with identical working conditions, skill, effort, and responsibilities.

b)	The EPA allows differences in pay when theyre based on a bona fide seniority system or merit system.

c)	The EPA applies to both employer and employee covered by FLSA.

d)	The EPA is enforced by the EEOC.

Question 32 (1 point)

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The Fair Labor Standards Act (FLSA) regulates the federal minimum wage. Which of the following is an incorrect statement regarding the federal minimum wage?

Question 32 options:

a)	Some states, such as Arkansas, Georgia and Minnesota, the state minimum is lower than the federal rate.

b)	A nonexempt employee who is permitted to continue to work on an assignment after the end of the business day to finish a project or make corrections must be paid for that time.

c)	The current minimum federal minimum wage is $7.20 per hour.

d)	Some states, such as Alaska, California, and Massachusetts, have set the minimum wage at a higher rate than the federal government.

Question 33 (1 point)

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_______________ pay is when employees who are called to work before or after their scheduled hours.

Question 33 options:

a)	Geographic

b)

Call-back

c)

On-call

d)

Reporting

Question 34 (1 point)

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A compa-ratio is commonly used for comparison against a group of employees and is especially useful when providing recommendations for pay increases for promotions, merit increases, and so on. The formula for finding the compa-ratio is

Question 34 options:

a)	Base Salary / Maximum of Salary Range x 100

b)	Total Salary / Maximum of Salary Range x 100

c)	Base Salary / Midpoint of Salary Range x 100

d)	Total Salary / Midpoint of Salary Range x 100

Question 35 (1 point)

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In creating the Family Medical Leave Act (FMLA), Congress intended that employees not have to choose between keeping their jobs and attending to seriously ill family members. In addition to protecting employees from adverse employment actions and retaliation when they request leave under FMLA, the act provides three benefits for eligible employees in covered organizations. Which of the following is not one of the three benefits?

Question 35 options:

a)	Reinstatement to the same position or an equivalent position at the end of the leave

b)	12 weeks of unpaid leave within a 12-month period (26 months for military caregiver leave)

c)	Continuation of health benefits

d)	Waiver of union dues while on leave

Question 36 (1 point)

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A participant in a retirement plan is an employee who has met the eligibility requirements for the plan. The law sets minimum participation requirements. An employee may legally become a participant in a retirement plan when which one of the following requirements are met?

Question 36 options:

a)	When 1 year of service has been completed and the employee has reached the age of 21, whichever is later, unless the plan provides for 100 percent vesting after 2 years of service. In that case, the requirement changes to completion of 2 years of service and reaching age 21, whichever is later.

b)	When 1 year of service has been completed and the employee has reached the age of 18, whichever is later, unless the plan provides for 100 percent vesting after 2 years of service. In that case, the requirement changes to completion of 2 years of service and reaching age 18, whichever is later

c)	When 1 year of service has been completed or the employee has reached the age of 21, whichever is later, unless the plan provides for 100 percent vesting after 2 years of service. In that case, the requirement changes to completion of 2 years of service or reaching age 21, whichever is later.

d)	When 1 year of service has been completed or the employee has reached the age of 18, whichever is later, unless the plan provides for 100 percent vesting after 2 years of service. In that case, the requirement changes to completion of 2 years of service or reaching age 18, whichever is later

Question 37 (1 point)

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The cost of medical insurance is substantial for employers and employees. The costs can be controlled to a certain extent by the type of medical insurance plan selected. A ______________ is typically the most expensive to employers and employees because it places no restrictions on the doctors or hospitals available to the patient. These plans require patients to pay for services out-of-pocket and submit claims to be reimbursed for expenses.

Question 37 options:

a)	Point of Service (POS) Plans

b)	Preferred Provider Organization (PPO)

c)	Health Maintenance Organization (HMO)

d)	Fee-for-Service (FFS) Plans

Question 38 (1 point)

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Executive compensation is a controversial subject for shareholders. One type of benefit found in executive compensation pages includes the _______________ which is most often used when a CEO takes a position that entails a high risk of termination due to restructuring or a change in direction, or sometimes as an incentive to retire early.

Question 38 options:

a)	Golden life jacket

b)	Golden handshake

c)	Golden handcuffs

d)	Golden parachute

Question 39 (1 point)

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A stock option is the right to purchase an employers stock at a certain price (the strike price), at a future date, within a specified period of time. Options provide an employee with an opportunity to purchase shares but dont require that the employee do so. _______________ stock options are used in privately held companies to provide the benefits of employee ownership without granting stock.

Question 39 options:

a)	Nonqualified

b)	Incentive or Qualified

c)

Phantom

d)	Restricted

Question 40 (1 point)

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The Family Medical Leave Act (FMLA) provides four possible methods for employers to use in calculating the FMLA year; that is, the period of time which encompasses a 12-month period during which employees may use the 12 weeks leave. A FMLA year can be calculated as any of the following except:

Question 40 options:

a)	Any fixed 12-month period (such as the fiscal year or anniversary date)

b)	The calendar year

c)	A rolling 12-month period that is measured forward from the date the FMLA leave is used by an employee

d)	The 12-month period beginning when a FMLA leave begins