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| Section | Weight | Objectives |
|---|---|---|
| Overview of Regulatory Framework | 15% | - Impact of regulation on compensation design and administration - Federal regulatory structure and authority |
| Labor Relations Regulations | 15% | - Impact of unionization on compensation practices - National Labor Relations Act |
| Other Key Regulations | 10% | - Family and Medical Leave Act - State and local regulatory variations |
| Anti-Discrimination Laws | 20% | - Title VII of Civil Rights Act - Equal Pay Act - Age Discrimination in Employment Act - Americans with Disabilities Act |
| Tax and Reporting Requirements | 15% | - Form W-2 and other reporting obligations - IRS rules for taxable and non-taxable compensation - Executive compensation disclosure rules |
| Fair Labor Standards Act (FLSA) | 25% | - Exempt vs non-exempt classification rules - Minimum wage and overtime requirements - Recordkeeping and compliance obligations |
1. Which government agency enforces the Sherman Antitrust Acton issues related to the workforce?
A) Office of Federal Contract Compliance Programs
B) Equal Employment Opportunity Commission
C) Department of Labor
D) National Labor Relations Board
2. Which of the following best describes a factor that has influenced the growth and change in benefits?
A) Employees have longer career expectations.
B) There is a decreasing number of females in the workforce.
C) Decreasing costs are causing growth in the numbers of benefits employers offer.
D) Employees are expressing a greater desire for choice in their benefits.
3. Which of the following is the earnings available to equity owners after paying debt and taxes?
A) EBIT
B) Net income
C) EPS
D) Operating profit
4. What is the top line or starting point of an organization's income?
A) Net income
B) Revenue
C) Operating profit
D) Gross profit
5. What do working capital metrics evaluate?
A) The amount of cash needed to meet the company's short-term obligations
B) A company's mean capital expenditure per employee
C) A company's efficiency in converting short-term capital into cash
D) The change in working capital over a specific period of time, typically one year
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
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