KSA Industry Regulations & Compliance 2

Question 1

Which federal law establishes privacy and security standards for protected health information (PHI)?

Accepted Answer

HIPAA

Answer

The Health Insurance Portability and Accountability Act sets national standards for protecting PHI.

Question 2

Which agency enforces workplace safety and health standards in most private-sector U.S. workplaces?

Accepted Answer

OSHA

Answer

The Occupational Safety and Health Administration sets and enforces workplace safety standards.

Question 3

Under the Fair Labor Standards Act, non-exempt employees must be paid overtime at what rate for hours over 40 in a workweek?

Accepted Answer

1.5 times the regular rate

Answer

The FLSA requires at least time-and-a-half for non-exempt employees beyond 40 hours.

Question 4

What is the main purpose of the Sarbanes-Oxley Act of 2002?

Accepted Answer

Improve accuracy and reliability of corporate financial disclosures

Answer

SOX was passed after accounting scandals to strengthen corporate financial reporting and internal controls.

Question 5

Which law requires covered employers to provide up to 12 weeks of unpaid, job-protected leave for qualifying family and medical reasons?

Accepted Answer

FMLA

Answer

The Family and Medical Leave Act provides up to 12 workweeks of unpaid protected leave per year.

KSA - Knowledge, Skills, and Abilities Practice Test