All businesses are required to pay their employees an hourly rate, with some exemptions. This rate is set by federal law and is referred to as
what?
A. Maximum wage
B. Minimum wage
C. Annual salary
D. Inventory
B. Minimum wage
The correct answer is B. Minimum wage.
The correct answer is B. Minimum wage.
To determine the answer, you can employ a few strategies:
1. Prior knowledge: If you are familiar with labor laws or general employment practices, you may already know that there is a legal requirement for businesses to pay their employees a minimum wage.
2. Context clues: The question mentions that businesses are required to pay their employees an hourly rate. This suggests that the answer would be related to wages.
3. Process of elimination: By considering the other options provided, such as A. Maximum wage, C. Annual salary, and D. Inventory, you can eliminate them as they do not align with the concept of setting a minimum wage.
Therefore, based on these strategies, the correct answer is B. Minimum wage.