PHR Laws ; Questions and Answers 100%
Correct
The Clayton Act (1914) Correct Answer-Prohibits mergers & acquisitions that
would lessen competition.
Prohibits a single person for being a Director of two or more competing
corporations.
Restricts use of injunctions against labor and legaliz...
PHR Laws ; Questions and Answers 100%
Correct
The Clayton Act (1914) Correct Answer-Prohibits mergers & acquisitions that
would lessen competition.
Prohibits a single person for being a Director of two or more competing
corporations.
Restricts use of injunctions against labor and legalized peaceful strikes,
picketing, boycotts. (Modified Sherman Anti-Trust).
The Consumer Credit Protection Act (1968) Correct Answer-Limits the
amount of wages that can be garnished or withheld in one week by an employer
to satisfy creditors.
Prohibits employee dismissal because of garnishment for any one indebtedness.
The Copeland "Anti-Kickback" Act (1934) Correct Answer-Precludes federal
contractor from inducing an employee to give up wages to employer for benefit
of having a job.
The Copyright Act (1976) Correct Answer-Protects "original works" so others
may not print, duplicate, or sell their work.
Extension Act extended protection for author's life +70 years for general
copyrights and 95 years for works copyrighted before 1978.
, PHR Laws ; Questions and Answers 100%
Correct
The Davis-Bacon Act (1931) Correct Answer-Requires contractors on federally
funded construction projects to pay wages and fringe benefits at least equal to
those prevailing in the local area where the work is performed.
Only applies to laborers and mechanics.
Allows trainees and apprentices to be paid less than the predetermined rates
under certain circumstances.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (2010)
Correct Answer-Mandates all federal financial regulatory agencies.
Non-binding vote for shareholders on executive compensation, golden
parachutes, and return of executive compensation based on inaccurate financial
statements.
Requires report on CEO pay compared to the average employee compensation
and provision of financial rewards for whistleblowers.
The Economic Growth and Tax Relief Reconciliation Act (2001) Correct
Answer-Pension vesting schedules, increasing retirement plan limits, permitting
pre-tax catch-up contributions by participants over the age of 50 in certain plans
(which are not tested for discrimination when made available to the entire
workforce) and modification of distribution and rollover rules.
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