What are their functions 83What does the Securities Exchange Act of 1934 do

What are their functions 83what does the securities

This preview shows page 681 - 687 out of 754 pages.

What are their functions? 83.What does the Securities Exchange Act of 1934 do? 84.What is the Fair Labor Standards Act of 1938? What are its major provisions? 85.What are the tests that must be met to qualify for the executive employee exemption?
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86.Distinguish between access discrimination and valuation discrimination. 87.What are the definitions of skill, effort, responsibility, working conditions according to the Department of Labor? What are the conditions that must be met for an employer to support a claim of unequal work? 88.Compare and contrast disparate treatment and disparate impact. 89.What are the sources of earnings gaps?
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90.What are the four basic steps in establishing a comparable-worth plan? 91.How can a proactive compensation manager influence the nature of regulations?
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Chapter 17 Government and Legal Issues in Compensation AnswerKey Multiple Choice Questions 1. (p. 59 2) The executive branch of the federal government ____. A. enforces laws through agencies and its other bodies B. passes laws C. interprets laws and considers their constitutionality D. changes existing laws or passes new ones Difficulty: Easy 2. (p. 59 2) Which of the following is the least likely response companies would make to legislation? A. Lobbyin g B. Token compliance C. Auditing their practices D. Defending company practices in court Difficulty: Medium
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3. (p. 59 3) The government has interests in compensation decisions related to all but ____. A. the fairness of pay procedures B. safety nets for the unemployed and disadvantaged C. earnings compared to foreign workers D. overtime and child labor Difficulty: Medium 4. (p. 59 3) Which of the following is not true of the government's effect on the economy? Government ______. A. indirectly affects labor demand via government purchases B. affects labor supply via legislation C. affects demand for labor via interest rates D. immigration policy affects labor demand Difficulty: Hard 5. (p. 59 4) The _____ Act extends the prevailing-wage concept to manufacturers or suppliers of goods for government contracts. A. Sarbanes- Oxley B. Walsh- Healey C. Fair Labor Standards D. Davis- Bacon Difficulty: Medium
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6. (p. 59 4) The Davis-Bacon Act ____. A. states that income from most stock plans need not be included in calculating overtime pay B. increases border of proof on employers to rebut some discrimination claims C. requires that mechanics and laborers on public construction projects be paid the "prevailing wage" in an area D. extends prevailing-wage concept to manufacturers or suppliers of goods for government contracts Difficulty: Medium 7. (p. 59 5) Under the _____ Act, executives cannot retain bonuses or profits from selling company stock if they mislead the public regarding their company's financial condition. A. Worker Economic Opportunity B. Davis- Bacon C. Walsh- Healey D. Sarbanes- Oxley Difficulty: Medium 8.
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