Business Law- Chapter 31

Question 1

Worker’s Compensation

Answer 1

Compensation paid to workers and their families when workers are injured in connection with their jobs.

Question 2

Occupational Safety and Health Act (OSHA)

Answer 2

A federal act enacted in 1970 that promotes safety in the workplace.

Question 3

Specific Duty Standard

Answer 3

An OSHA standard that addresses a safety problem of a specific duty nature

Question 4

General Duty

Answer 4

A duty that an employer has to provide a work environment free from recognized hazards that are causing or are likely to cause death or serious physical harm to employees

Question 5

Fair Labor Standards Act (FLSA)

Answer 5

A federal act enacted in 1938 to protect workers. It prohibits child labor and spells out minimum wage and overtime pay requirements

Question 6

Consolidate Omnibus Budget Reconciliation Act (COBRA)

Answer 6

A federal law that permits employees and their beneficiaries to continue their group health insurance after an employees’s employment has ended.

Question 7

Family and Medical Leave Act (FMLA)

Answer 7

A federal act that guarantees workers up to 12 weeks of unpaid leave in a 12-month period to attend to family and medical emergencies and other specified situations.

Question 8

Employee Retirement Income Security Act (ERISA)

Answer 8

A federal act designed to prevent fraud and other abuses associated with private pension funds.

Question 9

Federal Unemployment Tax Act (FUTA)

Answer 9

A federal act that requires employers to pay unemployment taxes; unemployment compensation is paid to workers who are temporarily unemployed.

Question 10

Social Security

Answer 10

A federal system that provides limited retirement and death benefits to covered employees and their dependents.