The minimum wage under the Fair Labor Standards Act (FLSA) is:

A. indexed to the cost of living.
B. reviewed and revised as needed by the Department of Labor.
C. increased from time to time by Congress.
D. no longer a viable concept since everyone makes more than the amount set as a minimum.

Ans: C. increased from time to time by Congress.

Business

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For marketers, the term market refers to which of the following?

A) a set of touch points such as store layouts and package designs B) a physical place where buyers and sellers gather C) a collection of buyers and sellers who transact over a particular product D) consumers and not businesses E) customer groups

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Using e-mail to send unwanted ads is called spamming

Indicate whether the statement is true or false

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