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Compensation and Labor Laws Quiz

#1

Which law regulates the minimum wage in the United States?

Fair Labor Standards Act (FLSA)
Explanation

Regulates minimum wage and overtime pay.

#2

In a job contract, what does the term 'non-compete clause' typically refer to?

An agreement not to work for a competitor for a specified period
Explanation

Restricts working for competitors.

#3

What does the term 'at-will employment' mean?

Either the employer or employee can terminate the employment at any time
Explanation

Allows termination by either party at any time.

#4

In the context of labor laws, what does the term 'collective bargaining' refer to?

Negotiation between labor unions and employers to determine terms and conditions of employment
Explanation

Negotiation between unions and employers for employment terms.

#5

Which of the following is not considered a form of employee benefits?

Overtime pay
Explanation

Overtime pay is not a form of employee benefits.

#6

What is the purpose of Workers' Compensation?

To compensate workers for job-related injuries or illnesses
Explanation

Provides compensation for work-related injuries or illnesses.

#7

In the context of labor laws, what does FMLA stand for?

Family Medical Leave Act
Explanation

Provides unpaid leave for medical and family reasons.

#8

What is the purpose of the Davis-Bacon Act?

To ensure equal pay for federal contract workers
Explanation

Ensures fair wages for federal contract workers.

#9

Which law prohibits discrimination against employees or applicants based on disability?

Americans with Disabilities Act (ADA)
Explanation

Prohibits discrimination based on disability.

#10

What is the purpose of the Fair Labor Standards Act (FLSA) in the United States?

To establish minimum wage and overtime pay standards
Explanation

Sets standards for minimum wage and overtime pay.

#11

What is the main purpose of a severance package in employment contracts?

To provide financial support upon termination
Explanation

Offers financial support upon termination.

#12

What is the purpose of the Equal Pay Act?

To ensure equal pay for equal work regardless of gender
Explanation

Ensures equal pay irrespective of gender.

#13

Which of the following is not a characteristic of a salary?

Hourly-based
Explanation

Hourly-based pay, not salaried.

#14

What is the primary goal of the Occupational Safety and Health Act (OSHA)?

To enforce workplace safety and health standards
Explanation

Enforces workplace safety and health standards.

#15

What is the role of the National Labor Relations Board (NLRB) in the United States?

To oversee union elections and unfair labor practices
Explanation

Oversees union elections and labor practices.

#16

Under the Fair Labor Standards Act (FLSA), what is the standard minimum wage per hour (as of 2022)?

$7.25
Explanation

Standard minimum wage as of 2022: $7.25 per hour.

#17

What is the primary purpose of the Employee Retirement Income Security Act (ERISA) in the United States?

To establish standards for pension and health plans in the private sector
Explanation

Sets standards for private sector pension and health plans.

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