HRMT 412 Week 1: Compensation Laws and Regulations Quiz

The Walsh-Healy Public Contracts Act of 1936 requires government contractors with contracts 10.0/ 10.0 Points exceeding how much (for other than construction work) to pay their employees the prevailing wage for their local area as established by the Secretary of Labor? A.

$100,000 B.

$100 C.

$10,000 D.

There is no required amount.

The McNamara-O’Hara Service Contract Act was enacted in what year? A.

1965 B.

1975 C.

1905 D.

1935

The Fair Labor Standards Act of 1938 introduced a minimum wage for all covered employees.

True False

Points nonfarm jobs that have not been identified as hazardous either in the law or by the Secretary of Labor? According to the text, the FLSA states that a child must be at least how old to work in most A.

21 B.16 C.

15 D.

14

In accordance with the text, there is a 2-year statute of limitations for back-pay recovery unless 10.0/ 10.0 Points the employer willfully violated the FLSA.

In those cases, the statute extends to 3 years.

True False

An Employee Stock Ownership Plan (ESOP) allows employees to use after-tax payroll deductions to purchase company stock at a discounted price.

True False

Wage compression occurs when new employees are hired at a rate of pay greater than that earned by incumbent employees for similar skills, education, and experience.

True False

The constitutionality of both the OASDI and UI was challenged in court and the U.S.

Supreme Court ruled that both were valid and constitutional in what year?.

A.

1947 B.

1927 C.

1937 D.

These programs were never challenged in the courts.

With regard to OASDI benefits, at what age may a worker may receive maximum benefits if they were born in 1985? A.

59 1/2 years old  B.

67 years old C.

62 years old D.

65 years old