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Home » Business Law » Page 48

Business Law

Q: Law is described as ________. A) a body of rules of action or conduct prescribed by controlling authority and having binding legal force B) a study of fundamental problems, such as those connected with existence like knowledge and language C) a legal system that builds and organizes knowledge in the form of testable explanations and predictions D) a group of legal hypotheses employed to explain a legal phenomenon

Q: ________ occurs when the employee acquires the right to the contributions made on his or her behalf by the employer.

Q: ________ imposed minimum funding standards to guard against underfunded pensions.

Q: The ________ guards against loss of benefits when pension plans are terminated.

Q: The fiduciary's duty is greater in a ________ plan.

Q: In a ________ plan, the employer may determine the risk of the investments.

Q: ________ will erode a defined benefit pension plan.

Q: A ________ pension plan is one in which several companies participate.

Q: Inflation will erode ________. a) defined benefit plan b) defined contribution plan c) both d) neither

Q: The following benefits are covered by ERISA. a) medical b) insurance c) pension d) a&c e) all

Q: An employee must be how old before being eligible to participate in a pension plan? a) 16 b) 18 c) 21 d) 25 e) there is no minimum age

Q: If an employee voluntarily leaves before being vested, he or she loses the contribution made by the employer as well as his or her own.

Q: In a defined contribution plan, the employer's contribution is optional.

Q: An employee starting work at age 18 could not be eligible for a pension for 3 years.

Q: In a defined benefit plan, the employee may make contributions.

Q: ERISA covers pension, medical and insurance benefits.

Q: The first step when an employee is injured is to report the injury to ________.

Q: The ________ prohibited employees from suing the employer when the injury occurred due to a co-worker's negligence.

Q: Workers who make false representations regarding their health will not be eligible for ________.

Q: Temporarily debilitating injuries are paid according to a ________, which cease when the time limit has been reached.

Q: Workers Compensation is a form of ________ insurance.

Q: Workers Compensation awards include: a) medical expenses b) loss of earnings c) pain and suffering d) a&b e) all

Q: Workers compensation is governed by ________. a) Federal government b) State government c) both d) neither

Q: The following will prevent an employee from recovering compensation: a) assumption of risk b) contributory negligence c) false representations d) injured by another employee e) none

Q: Prior to workers compensation, employees would not recover if they ________. a) assumed the risk b) were contributory negligent c) were injured by another employee d) a&b e) all

Q: The following are defenses to the granting of workers compensation: a) contributory negligence b) intentional injury c) assumption of risk d) all e) NOTA

Q: Workers compensation will not be granted to workers who intentionally injured themselves.

Q: Workers compensation originated under the Master/Servant Doctrine.

Q: The Workers Compensation Board is administered by the Federal Government.

Q: Employers are liable for injuries to employees even if the employees are at fault.

Q: The first step for an employee who is injured is to file a claim with the Workers Compensation Board.

Q: ________ are those promulgated after the creation of OSHA.

Q: The ________ is the final authority with respect to OSHA regulations.

Q: One hundred thousand workers are________ each year.

Q: Ten thousand workers ________ on the job each year.

Q: The only possible defense for an employer against a hazard is receiving a variance for a ________.

Q: The only way for an employer to defend a hazard is under: a) OSH Act b) workers compensation c) greater hazard defense d) contributory negligence e) NOTA

Q: Employer defenses include: a) assumption of risk b) contributory negligence c) a variance received because of a greater hazard d) a&b e) all

Q: Ancillary expenses which occur when a worker is permanently disabled include: a) loss of productivity b) replacement cost c) investigation time d) a&b e) all

Q: The two major causes of fatalities are ________. a) handling an object and falling b) machine related accidents and falling c) motor vehicles accidents and falling d) falling objects and motor vehicle accidents

Q: The two major causes of employment injuries are ________. a) handling an object and falling b) machine related injuries and falling objects c) falling and machine related injuries d) motor vehicles and falling e) none of the above

Q: National Consensus Standards are those promulgated after OSH Act.

Q: OSHA is the enforcement arm created by OSH Act.

Q: Recordkeeping of occupational accidents must be kept by employers.

Q: Emergency OSHA standards are effective for only 3 months.

Q: OSHRC is the final interpreter of OSHA regulations.

Q: Child athletic and entertainment contracts must be approved by ________.

Q: The maximum number of hours before overtime is ________.

Q: Domestic helpers and taxi cab drivers are exceptions to the ________.

Q: The current minimum wage is ________.

Q: Children under ________cannot work except for their parents or by court order.

Q: Minimum wage applies to: a) schoolteachers b) baby sitters c) day care workers d) all e) NOTA

Q: Minimum wage does not apply to: a) farm workers b) waitresses c) flight attendants d) A&C e) NOTA

Q: Children 14 and above may work anywhere except: a) manufacturing b) mining c) hazardous d) a&b e) all

Q: The maximum number of hours before overtime is ________. a) 35 b) 37 1/2 c) 40 d) 42 e) none

Q: On September 1, 1997, the minimum wage became ________. a) $4.25 b) $4.75 c) $5.15 d) $5.25 e) none

Q: The regular rate of pay used to determine minimum wage may include pension and life insurance contributions.

Q: Most employees are paid for working 40 hours per week.

Q: The maximum number of hours before overtime is 35.

Q: The current minimum wage is $7.15 per hour.

Q: The FLRA guarantees employees the right to minimum wage and maximum hours.

Q: Disputes regarding collective bargaining agreements may be brought before the ________.

Q: A collective bargaining agreement is binding on ________.

Q: ________ is the method of dispute resolution provided for in a Collective Bargaining Agreement.

Q: ________ allows management to negotiate with one union rather than each employee.

Q: Federal courts do not have the power to grant injunctions in labor disputes because of the ________.

Q: Yellow dog contracts were outlawed by the ________.

Q: Agreements providing for non union membership as a condition to employment are ________.

Q: Outsourcing began in large numbers during which presidency? a) Clinton b) Bush, Sr. c) Reagan d) Bush, Jr. e) Carter

Q: Negotiation process undertaken by a union with management to resolve labor issues is ________. a) a yellow dog contract b) an injunction c) illegal d) collective bargaining e) a collective bargaining agreement

Q: Key terms in the collective bargaining agreement included: a) promotion policy b) grievances c) dispute resolution d) a&b e) all

Q: Key terms in a collective bargaining agreement include: a) pension benefits b) health coverage c) family and medical leave d) a&b e) all

Q: The following Act insured the right of workers to form unions: a) Sherman Act b) Clayton Act c) NLRA d) Norris LaGuardia Act e) Railway Labor Act

Q: Which of the following prohibited non union membership as a condition to employment? a) Sherman Act b) Railway Labor Act c) Norris LaGuardia Act d) Wagner Act e) Clayton Act

Q: Collective Bargaining Agreements are contracts.

Q: Collective Bargaining is binding on all union members.

Q: The future of unions has become more tenuous with the passage of NAFTA and the GATT.

Q: Yellow Dog Contracts prohibited union membership as a condition to employment.

Q: The Norris LaGuardia Act outlawed agreements of non union membership as a condition to employment.

Q: The Sherman Act's provision against business combinations was interpreted to apply against unions.

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