D432 HR Compliance and Employee Relations - Set 4 - Part 3

Correct Answer: Employee Retirement Income Security Act (ERISA)

ERISA governs pension plans in the private sector and sets minimum standards to protect participants and ensure that plans are managed responsibly.

Correct Answer: An offer with acceptance and consideration

A valid, enforceable contract requires an offer, acceptance, and consideration (something of value exchanged between the parties).

Correct Answer: To promote fair competition and prevent monopolies

Antitrust laws are designed to maintain competitive markets by preventing monopolies, price-fixing, and other anti-competitive business practices.

Correct Answer: Family Medical Leave Act (FMLA)

The FMLA ensures that eligible employees can take unpaid, job-protected leave for specific family and medical reasons, such as childbirth, adoption, or a serious health condition.

Correct Answer: A company sells a defective product

Strict liability applies when a company is held liable for harm caused by a defective product, regardless of whether the company was negligent or intended to cause harm.

Correct Answer: Workplace racial segregation

Illegal subjects, such as workplace racial segregation, cannot be included in collective bargaining agreements. Topics like health insurance, vacation time, and retirement benefits are lawful subjects for negotiation.

Correct Answer: To protect consumers and promote fair competition

The FTC is responsible for enforcing laws that protect consumers from unfair or deceptive practices and promoting fair competition in the marketplace.

Correct Answer: COBRA

COBRA provides employees with the right to continue their employer-sponsored health insurance coverage after termination, provided they pay the premiums.

Correct Answer: Wildcat strike

A wildcat strike is an unauthorized strike that occurs without the approval of the union. It is considered illegal under U.S. labor laws.

Correct Answer: Working hours and wages

Working hours and wages are lawful subjects of collective bargaining, while discriminatory practices or unfair treatment of employees are illegal and cannot be negotiated.