ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
hours is considered to
A
overtime
B
regular time
C
part time
D
half-time
Explanation: 

Detailed explanation-1: -Regular time refers to a nonexempt employee’s normal (scheduled/shift) work hours and excludes any overtime hours worked. In other words, regular time is an employee’s typical schedule. Because regular time only deals with nonexempt employees, it doesn’t apply to salaried (exempt) employees.

Detailed explanation-2: -Regular Hours means all hours of work or paid leave except overtime hours, i.e., those above eight (8) hours in a day or forty (40) hours in a week. Thus, “regular hours” shall include additional non-overtime hours worked above an employee’s regular work schedule.

Detailed explanation-3: -Copy. Regular Full-Time Employee means an employee who is regularly scheduled to work 40 hours per week. Such employees may be exempt or nonexempt under the Fair Labor Standards Act (FLSA) as described below. Full-time employees are eligible for benefits as described in this handbook.

Detailed explanation-4: -The Fair Labor Standards Act (FLSA) states that any work over 40 hours in a 168 hour period is counted as overtime, since the average American work week is 40 hours-that’s eight hours per day for five days a week.

Detailed explanation-5: -Regular working day means a day that is not Saturday or Sunday or National Holiday pursuant by the legislation in force. Sample 1. Regular working day means Monday through Friday from 8:00 a.m. to 5:00 p.m. Eastern Time, not including legal holidays.

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