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HRCI: SPHR/PHR Exam 120 Questions with Verified Answers Davis-Bacon Act - CORRECT ANSWER Requires contractors using federal funds to pay wages and fringe equal to or greater than the local market wage What is the HR Significance of the Davis-Bacon Act? - CORRECT ANSWER Applies if receiving fe...

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HRCI: SPHR/PHR Exam 120 Questions with Verified
Answers
Davis-Bacon Act - CORRECT ANSWER Requires contractors using federal funds to
pay wages and fringe equal to or greater than the local market wage

What is the HR Significance of the Davis-Bacon Act? - CORRECT ANSWER Applies if
receiving federal funds for work or projects

Walsh-Healey Act - CORRECT ANSWER Establishes the time-and-a-half overtime
rule for hours in excess of 40 in a week for nonexempt employees

What is the HR Significance of the Walsh-Healey Act? - CORRECT ANSWER Must
properly classify employees and track hours worked for nonexempt employees

Portal-to-Portal Act - CORRECT ANSWER Created general rules for compensatory
time

What is the HR Significance of the Portal-to-Portal Act? - CORRECT ANSWER
Understanding when employees are on "company time" for pay purposes and
when developing policy

Dodd-Frank Wall Street Reform and Consumer Protection Act - CORRECT ANSWER
Creates rules for executive compensation to include reporting and provisions for
recapturing certain compensation in cases of misconduct or highly substandard
performance

What is the HR Significance of Dodd-Frank Wall Street Reform & Consumer
Protection Act? - CORRECT ANSWER Important when establishing executive
compensation packages and employment contracts

Sarbanes-Oxley Act (SOX) - CORRECT ANSWER Places restrictions on executives
and administrators of benefits plans within public companies to prevent certain
transactions that would create unfair or illegal business earnings for benefits
programs such as company stock

, What is the HR Significance of Sarbanes-Oxley Act (SOX)? - CORRECT ANSWER
Necessitates the monitoring of plans and ensuring compliance by all company
leaders that are involved with benefits plans

Lilly Ledbetter Equal Pay Act (EPA) - CORRECT ANSWER Affirms equal pay for
equal work regardless of gender and provides recourse and legal avenues in cases
of discrimination

What is the HR Significance of the Lilly Ledbetter Act? - CORRECT ANSWER
Requires policies and procedures to ensure that men and women in the company
are not paid at different wage rates in the same jobs with similar experience and
qualifications

Uniformed Services Employment and Reemployment Rights Act (USERRA) -
CORRECT ANSWER Provides provisions for members of the Armed Services called
to military service to allow returning to civilian work upon completion of their
duty

What is the HR Significance of USERRA? - CORRECT ANSWER Has special tracking
and monitoring consideration of any individual that is serving in the Armed Forces
and was required to give up their civilian employment

Consolidated Omnibus Budget Reconciliation Act (COBRA) - CORRECT ANSWER
Provides employees and dependents the ability to maintain continuous
healthcare coverage in the group plan by covering the employer cost and
additional admin fee

What is the HR Significance of the COBRA? - CORRECT ANSWER Requires
notification of rights under this law to all employees accepting healthcare benefits
and notice upon a qualifying event of eligibility

Health Insurance Portability and Accountability Act (HIPAA) - CORRECT ANSWER
to promote a more efficient healthcare system by reducing administrative costs. It
also regulates the privacy, security, and electronic transfer of protected health
information (PHI) through the Administrative Simplification provisions. HIPAA

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