Which of the following is true of the Fair Labor Standards Act (FLSA)?
A) The overtime rate under the FLSA is two and a half times the employee's hourly rate.
B) It requires federal contractors to pay less than the prevailing wage rate.
C) It permits a subminimum training wage equal to 95% of the minimum wage.
D) Nonexempt employees are covered by FLSA and include most hourly workers.
E) Under the FLSA, executive, professional, and administrative employees are considered nonexempt employees.

Question

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The organization's product market includes organizations that offer competing goods and services. In other words, the organizations in a product market are competing to serve the same customers.

Which of the Following Is True of the Fair Labor