Which of the following statements about the Fair Labor Standards Act (FLSA) are correct? I. FLSA was originally passed to regulate minimum wages, overtime pay, and record-keeping requirements for private employers. II. State and local governments are subject to the FLSA. III. Employees must be paid time-and-a-half for overtime (more than 40 hours in a work-week) or given "comp time" during the same pay period, unless the employee is an executive, administrative employee, or professional. Group of answer choices III I, II and