See COPYRIGHT, FAIR USE.

The Fair Labor Standards Act (FLSA), passed in 1938 and amended many times since then, is a major labormanagement law regulating wages and hours, child labor, equal pay, and overtime pay. The act entitles covered employees to a specified MINIMUM WAGE and a time-and-ahalf rate for work exceeding 40 hours per week.

Fair disclosure is providing information to all parties at one time.

The Fair Debt Collections Practices Act (FDCPA, 1977, and amended since then) is a federal law designed to prohibit abusive practices by debt collectors. Congress stated, “It is the purpose of this title to eliminate abusive debt collection practices by debt collectors, to ensure that those debt collectors who refrain from using abusive debt collection practices are not competitively disadvantageous, and to promote consistent State action to protect consumers against debt collection abuses.”

Factory or industrial tours show consumers how a company’s PRODUCTs are manufactured. Sometimes used as part of a firm’s MARKETING STRATEGY, factory tours are a relatively new promotional tool as many companies are just beginning to realize the benefits of demonstrating to consumers how their products are made.

Factoring is selling ACCOUNTS RECEIVABLE to another business in order to obtain cash payment before the due date on the account receivable. In many businesses, cash flow— the stream of revenues and expenses—is a major problem.