The purpose of affirmative action is to prefer members of one group over another.
Answer the following statement true (T) or false (F)
False
For many organizations, the original impetus to diversify their workforces was a combination of social responsibility and legal necessity. Companies introduced affirmative action-special efforts to recruit and hire qualified members of groups that were discriminated against in the past. The intent was not to prefer these group members to the exclusion of others, but to correct for the long history of discriminatory practices and exclusion. Viewed from this perspective, amending these wrongs is moral and ethical as well as a legal necessity.
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The amortization of bond discount increases the effective interest expense incurred each period for the issuer while amortization of bond premium decreases it
a. True b. False Indicate whether the statement is true or false
Which of the following bank accounts has the highest effective annual return?
A. An account that pays 8% nominal interest with daily (365-day) compounding. B. An account that pays 8% nominal interest with monthly compounding. C. An account that pays 8% nominal interest with annual compounding. D. An account that pays 7% nominal interest with daily (365-day) compounding. E. An account that pays 7% nominal interest with monthly compounding.
Which of the following is not a typical analytical procedure for the completion of the audit?
a. Ratio analysis. b. Common-size analysis. c. Changes from the prior year. d. All of the above would typically be used.
When are publicly owned companies required to file a Form 10Q with the SEC?
a. Within 10 to 15 days (depending on the company size) after the end of each of the first three quarters of the fiscal year b. Within 30 to 45 days (depending on the company size) after the end of each of the first three quarters of the fiscal year c. Within 40 to 45 days (depending on the company size) after the end of each of the first three quarters of the fiscal year d. Within 45 to 60 days (depending on the company size) after the end of each of the first three quarters of the fiscal year