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Regulatory Environments for Benefits Programs Questions and Answers

Question 1

Regarding cost analysis of compensation expense, which job is most likely to incur fixed costs for the company?

Options:

A.

Production worker

B.

Account executive

C.

IT contractor

D.

HR Director

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Question 2

How does the Fair Labor Standards Act require employers to pay their nonexempt employees?

Options:

A.

Double time for time worked on Sunday

B.

Time and a half for all hours worked over 40 in the workweek

C.

Time and a half for all hours worked over 8 in the workday

D.

Double time for work on Saturday

Question 3

Upon which criterion are step increases typically based?

Options:

A.

Market adjustment

B.

Longevity

C.

Individual performance

D.

Skills