Which of the following situations would be a bona fide occupational qualification?
A) Hiring only Hispanic waiters at a restaurant that markets to a Hispanic clientele
B) Hiring only Catholics to be waitresses in a restaurant that caters to a largely Catholic
population
C) Hiring only men to be attendants in the locker room of a men's health club
D) Both A and B
E) Both B and C
C
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Mr. Gregg has made an inflammatory speech denouncing the action of the government in the recent war. In this scenario, the court will uphold the governmental restrictions on his speech only:
A. if it is commercial speech, which will then receive protection under the Fifth Amendment. B. under the Fourteenth Amendment. C. if the regulation is the least intrusive means to promote a compelling governmental interest. D. under the Fifth Amendment.
Which of the following is not true about an ESOP?
a. An ESOP will reduce the amount of voting stock in the hands of employees. b. An ESOP must be a permanent trusted plan for the exclusive benefit of the employees. c. The plan participants become eligible for favorable taxation of distributions from the plan. d. Commercial lending institutions, insurance companies, and mutual funds are permitted an exclusion from income for 50% of the interest received on loans used to finance an ESOP's acquisition of company stock. e. An ESOP may reduce the potential of an unfriendly takeover.
Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $73 for Office Supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1, the accountant determines that the fund should be increased by $50. The journal entry to record the increase in the fund balance on October 1 is:
A. Debit Petty Cash $50; credit Cash $50. B. Debit Petty Cash $50; credit Accounts Payable $50. C. Debit Miscellaneous Expense $50; credit Cash $50. D. Debit Petty Cash $300; credit Cash $300. E. Debit Cash $50; credit Petty Cash $50.
Management must be able to predict disequilibria in international markets to take advantage of diversification strategies
Indicate whether the statement is true or false.