Final answer:
The FLSA stands for Fair Labor Standards Act, a federal law that sets labor standards and protects employees' rights.
Step-by-step explanation:
The acronym FLSA stands for Fair Labor Standards Act.
The Fair Labor Standards Act is a federal law enacted in 1938 that sets labor standards such as minimum wage, overtime pay, and child labor regulations. It aims to ensure fair working conditions and protect the rights of employees.
For example, the FLSA establishes a federal minimum wage, currently set at $7.25 per hour, and requires employers to pay overtime wages of one-and-a-half times the regular rate for hours worked beyond 40 in a workweek.