D432 HR Compliance and Employee Relations - Set 3 - Part 3

Correct Answer: To regulate securities markets and promote transparency

The Securities Exchange Act of 1934 regulates securities markets, ensuring transparency, fairness, and investor protection. It also established the Securities and Exchange Commission (SEC) to enforce these regulations.

Correct Answer: The contract involves illegal activities

A contract that involves illegal activities cannot be enforced, as it lacks legal purpose. Contracts must meet legal standards to be considered valid and enforceable.

Correct Answer: A companys commitment to ethical business practices and social and environmental responsibility

Corporate Social Responsibility (CSR) is a company's commitment to ethical practices, social responsibility, and environmental stewardship, balancing profit with positive impacts on society and the planet.

Correct Answer: Sharing information openly and honestly

Transparency in corporate governance involves sharing information openly and honestly with stakeholders, fostering trust and accountability within the organization.

Correct Answer: Age Discrimination in Employment Act (ADEA)

The ADEA prohibits discrimination in employment based on age for individuals aged 40 and older, ensuring that older workers are treated fairly in hiring, promotions, and other employment practices.

Correct Answer: A contract that lacks legal purpose or violates public policy

A void contract is one that lacks legal purpose or is contrary to public policy, making it unenforceable. Contracts with agreed-upon terms and valid signatures are typically enforceable.

Correct Answer: Storing hazardous chemicals

Strict liability applies to abnormally dangerous activities, such as storing hazardous chemicals, where the risk of harm is high and cannot be completely eliminated even with proper precautions.

Correct Answer: Immigration Reform and Control Act (IRCA)

The Immigration Reform and Control Act (IRCA) prohibits employers from knowingly hiring undocumented workers and establishes penalties for those who violate this law.

Correct Answer: To prevent unfair competition and deceptive business practices

The Federal Trade Commission Act aims to prevent unfair competition, deceptive business practices, and consumer fraud, protecting consumers and promoting fair business practices.

Correct Answer: Occupational Safety and Health Act (OSH Act)

The OSH Act provides protections for employees who report workplace safety violations, ensuring that they are not subjected to retaliation, such as termination or demotion, for raising concerns about unsafe conditions.