What two entities are responsible for establishing minimum wage according to Compensation Plan B7000?

The correct choice highlights that the Fair Labor Standards Act (FLSA) and Arizona's Minimum Wage Act are the two primary entities responsible for establishing minimum wage. The FLSA is a federal law that sets the national minimum wage and provides guidelines for worker rights, including wage standards. In Arizona, the Minimum Wage Act complements the FLSA by setting a state-level minimum wage that can be equal to or greater than the federal minimum. This combination ensures that workers receive fair compensation in accordance with both federal and state regulations.

Understanding the specific roles of these two entities is crucial for anyone involved in labor rights and compensation policies, as compliance with both federal and state laws is necessary to avoid legal issues and ensure fair treatment of employees. The other options mention various combinations of entities, but they do not specifically identify these two critical frameworks that govern minimum wage laws directly.