Why do businesses need to be aware of executive orders that apply to government contractors? What are some of those orders and their provisions?
What will be an ideal response?
Executive orders are used to provide equal employment opportunity to individuals employed by government contractors. Since many large employers and numerous small companies have contracts with the federal government, managers are expected to know and comply with the provisions of executive orders and other laws.Executive Order 11246 (1965), as amended by Order 11375 (1966):Prohibits employment discrimination based on race, color, religion, sex, or national origin by government contractors with contracts exceeding $10,000; requires contractors employing 50 or more workers to develop affirmative action plans when government contracts exceed $50,000 per year.Executive Order 11478 (1969):Obligates the federal government to ensure that all personnel actions affecting applicants for employment be free from discrimination based on race, color, religion, sex, or national origin.
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Which of the following statements about complaints is FALSE?
A. A fair settlement made in the customer's favor helps to resell the company and its products. B. The customer must perceive the settlement of a complaint as being fair. C. The settlement that will be provided must be clearly communicated. D. A salesperson who is convinced that a claim is dishonest should take action by filing a case against the customer. E. A salesperson settling a claim should educate the customer to forestall future claims.
Aspen Company provides for doubtful accounts expense at the rate of 3 percent of credit sales. The following data are available for last year: Allowance for Doubtful Accounts, January 1 ..... $ 54,000 (cr) Accounts written off as uncollectible during the year ......................................... 60,000 Collection of accounts written off in prior years.. (customer credit was re-established)
........... 15,000 Credit sales, year-ended December 31 ........... 3,000,000 The allowance for doubtful accounts balance at December 31 . after adjusting entries, should be a. $45,000. b. $99,000. c. $90,000. d. $84,000.
A financial statement showing each item on the statement as a percentage of one key item on the statement is called common-sized financial statements
Indicate whether the statement is true or false
Employee costs for medical services provided by a health maintenance organization (HMO) vary according to the type of service and how often the employee needs it.
Answer the following statement true (T) or false (F)