In Its 1978 Decision in Regents of the University of California

question 24

Multiple Choice

In its 1978 decision in Regents of the University of California v.Bakke,the Supreme Court

• A) declared affirmative action unconstitutional.
• B) established rigid quotas for affirmative action at universities.
• C) allowed universities to base affirmative action on strict racial classifications.
• D) limited the range of affirmative action.

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Definitions:

Margin Of Safety

The difference between the actual or expected profitability of a project and the break-even point. It is a cushion against uncertainty.

Net Operating Income

The profit generated from a company's everyday operations, calculated by subtracting operating expenses from operating income.

Contribution Margin

The difference between sales revenue and variable costs of a product or service, indicating the amount contributing to covering fixed costs and generating profit.

Contribution Margin

The amount of revenue from sales that exceeds variable costs, contributing to covering fixed costs and generating profit.