1. Which employee would be covered under the whistleblower protections in the Sarbanes-Oxley (SOX) Act?
A) Employee who raises allegations of fraud using Facebook and Twitter
B) Employee who raises allegations of fraud to the Securities and Exchange Commission
C) Employee who discusses an allegation of fraud with a family friend
D) Employee who raises allegations of fraud to a?ÿWashington Post?ÿreporter
2. How would a bank teller who works 38 hours per week and is paid $28,000 per year be classified under the Fair Labor Standards Act (FLSA)?
A) Independent contractor
B) Nonexempt employee
C) Exempt administrative employee
D) Exempt professional
3. Which action best ensures compliance under the Equal Pay Act?
A) Conducting a salary survey of the labor market
B) Reviewing salaries for factors other than gender
C) Reducing some salaries to meet compliance requirements
D) Increasing the average salary of females
4. Which situation violates the Employee Retirement Income Security Act's standards for pension funds?
A) Employees are required to have a minimum of 15 months of service before they can participate in their employer's defined benefit plan.
B) Employees become fully vested after a defined period of service.
C) Employees are allowed to transfer their accrued pension funds to another employer's plan.
D) An employer's plan excludes employees under age 21, regardless of how long they have worked for the organization.
5. How would a bank teller who works 38 hours per week and is paid $28,000 per year be classified under the Fair Labor Standards Act (FLSA)?
A) Exempt administrative employee
B) Independent contractor
C) Nonexempt employee
D) Exempt professional
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