Wiley CPAexcel Exam Review 2014 Study Guide, Regulation

Module 33: Regulation of Business Employment, Environment, and Antitrust

Overview

Issues on this topic are based on the Workers’ Compensation Laws and Federal Social Security Rules including the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA). These laws supplement the law of agency. In this area, emphasis is placed on the impact that state and federal laws have on the regulation of employment.

A. Federal Social Security Act

B. Workers’ Compensation Act

C. Employee Safety

D. Employment Discrimination

E. Federal Fair Labor Standards Act

F. National Labor Relations Act (NLRA)

G. Federal Consolidated Omnibus Budget Reconciliation Act (COBRA)

H. Pensions

I. Worker Adjustment and Retraining Notification Act

J. Federal Employee Polygraph Protection Act and Drug Testing

K. Employer Rights to E-Mail

L. Environmental Regulation

M. Telephone Consumer Protection Act

N. Federal Telecommunications Act

O. Identity Theft

P. Antitrust Law

Q. Sherman Act of 1890

R. Clayton Act of 1914

S. Robinson-Patman Act of 1936

T. Federal Trade Commission Act of 1914

Key Terms

Multiple-Choice Questions

Multiple-Choice Answers and Explanations

Simulation

Simulation Solution

To adequately understand these materials, you should emphasize the theory and purpose underlying the Workers’ Compensation Laws. You should also focus on the effect that these laws have on employers and employees. Notice the changes these laws have made on common law.

For Federal Social Security Laws, ...