Business Law- Chapter 31 Flashcards Preview

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Flashcards in Business Law- Chapter 31 Deck (10):
1

Worker's Compensation

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

2

Occupational Safety and Health Act (OSHA)

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

3

Specific Duty Standard

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

4

General Duty

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

5

Fair Labor Standards Act (FLSA)

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

6

Consolidate Omnibus Budget Reconciliation Act (COBRA)

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

7

Family and Medical Leave Act (FMLA)

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.

8

Employee Retirement Income Security Act (ERISA)

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

9

Federal Unemployment Tax Act (FUTA)

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

10

Social Security

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