In the Absence of a Discriminatory Intent, Virtually Any Seniority

question 27

True/False

In the absence of a discriminatory intent, virtually any seniority system is likely to be bona fide, even if it causes adverse impact.

---

Definitions:

Current Rate Method

A method of foreign currency translation where all financial statement line items are translated at the current exchange rate at the date of the balance sheet.

Comprehensive Income

The change in equity of a company during a period from transactions and other events, excluding any changes resulting from investments by and distributions to equity claimholders.

GAAP

Generally Accepted Accounting Principles, a collection of standardized guidelines and practices for financial accounting in the United States to ensure consistency and transparency.

Comparative Financial Statements

These are financial statements that present data for multiple periods side by side to facilitate comparison and analysis of financial performance over time.