Explain the practice of redlining and why it is criticized
What will be an ideal response?
Redlining is a type of economic discrimination in which major chain retailers avoid placing stores in disadvantaged neighborhoods. Because of redlining, the urban poor do not have as many shopping options and must buy their goods in smaller stores that carry inferior products and charge higher prices.
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Abraham Lincoln's delivery of the Gettysburg address was an example of the desire and ability to convey a powerful vision.
Answer the following statement true (T) or false (F)
Which of the following is an appropriate internal control activity for cash?
a. The amount of cash on hand should be kept to a maximum. b. All payments should be made with currency, not checks. c. Banking facilities should be used as little as possible. d. Recordkeeping and custodianship over cash should be performed by separate individuals.
With the equity method, the investor recognizes its share of the earnings of the subsidiary when the
A. investor sells the investment. B. investee pays a cash dividend. C. investee declares a cash dividend. D. investee reports earnings on its income statement.
All organizations have __________?
a. Rules b. Parking lots c. Uniforms d. Shareholders