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MAVERICK [17]
3 years ago
7

Showery Drugs is a pharmaceutical company based in Detroit. Showery Drugs expects its employees to work long hours and achieve i

ncreased production rates. Employees earn one and a half times the usual hourly rate for working more than 40 hours in one week. Which law is Showery Drugs abiding by in this scenario?
A) laws governing equal employment opportunity
B) Fair Labor Standards Act (FLSA) of minimum wage
C) Fair Labor Standards Act (FLSA) of overtime
D) laws governing prevailing wages
E) product market laws
Business
2 answers:
omeli [17]3 years ago
8 0

Answer:

The correct answer is letter "C": Fair Labor Standards Act (FLSA) of overtime.

Explanation:

The Wage and Hour Division is an agency of the United States Department of Labor in charge of setting the standards for fair working conditions and compensations. When it comes to overtime, a company that requests employees to work more than 40 hours during a workweek must pay the excess of those hours at a rate of one and a half of the regular rate. Thus provision is established in the Fair Labor Standards Act (<em>FLSA</em>).

Leto [7]3 years ago
4 0

Answer:

C) Fair Labor Standards Act (FLSA) of overtime

Explanation:

According to the Fair Labor Standards Act (FLSA) of overtime, all hours over 40 in a work week must be paid as one and half times the regular rate of pay.

Showery Drugs is clearly applying this practice  when it rightfully pays its employees one and a half times the usual hourly rate for working more than 40 hours in one week.

The answer is C)

You might be interested in
____________ comprise about 20% of all businesses but account for about 81% of u.s. business receipts.
alisha [4.7K]

Answer:

<u>Corporations </u>  comprise about 20% of all businesses but account for about 81% of u.s. business receipts.

Explanation:

A corporation is kind of a business that is set up by a legal organization headed by a person or several partners together. Examples including Microsoft, Apple Inc. etc

While corporations make up just 20% of registered businesses, they are usually quite larger and have national foot print. They can employ thousands of people, have a number of subsidiary companies and work with hundreds of smaller businesses.

Hence, while they are smaller in number, their impact on the economy is very large.

4 0
3 years ago
Question 1 (2 points)
inn [45]

Answer:

True

Explanation:

The principal purpose of building a business is to make profits.  A business must provide solutions to particular needs and wants in the community to attract customers. Different entrepreneurs will offer alternative or similar solutions to a specific situation.

Anyone starting a business will target a particular set of customers. He or she must be ready to complete for those customers with other like-minded entrepreneurs. Competition is good in business as it makes entrepreneurs innovate on the best ways to serve their customers. It also gives customers alternatives.

8 0
3 years ago
The following transactions occurred during a recent year:
Natasha_Volkova [10]

The Company's preliminary Net Income can be determined as $575.

Preliminary net income = Total Revenue - Total Expenses

= $575 ($4,230 - $3,655)

Revenue:

d. Sales Revenue      $680

f. Service Revenue $2,870

i. Service Revenue    $680

Total Revenue      $4,230

Expenses:

a. Wages Expense       $1,700

e. Utilities Expense     $1,360

h. Travel Expense           $115

k. Advertising Expense $480

Total Expenses         $3,655

Thus, the company generated a preliminary net income of $575 for the period.

Learn more about determining net income at brainly.com/question/19850768

6 0
2 years ago
Government is lobbied to institute price controls because: Multiple Choice
trapecia [35]

Answer:

people care more about their own surplus than they do about total surplus. 

Explanation:

Price control can either be a price ceiling or a price floor.

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. It is usually set below equilibrium price.

Price ceiling increase consumer surplus and reduce producer surplus.

A price floor is when the government or an agency of the government sets the least price a good or service can be sold. It is usually set above equilibrium price.

Price floor increases producer surplus and reduces consumer surplus.

Producers would be advocating for a price floor because it increases their surplus, while, consumers would advocate for a price ceiling.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Producer surplus is the difference between the price of a product and the least price the seller is willing to sell the product.

I hope my answer helps you

7 0
3 years ago
John has been working as a tutor for $300 a semester. When the university raises the price it pays tutors to $400, Jasmine enter
Elza [17]

Answer:

b. between $100 and $200

Explanation:

Producer surplus: The producer surplus is a difference between the willing price declared by the producers and the price the producers receives for supplying the goods and services.

In mathematically,

Producer surplus = Willing price - Receiving price

                            = $400 - $300

                            = $100

4 0
3 years ago
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