The Requires Employers with Federal Contracts Over $2500 to Take

question 108

Multiple Choice

The requires employers with federal contracts over $2500 to take affirmative action in employing handicapped persons.

• A)Equal Pay Act
• B)Age Discrimination in Employment Act
• C)Vocational Rehabilitation Act
• D)Office of Federal Contract Compliance Programs
• E)none of the above

---

Definitions:

Total Cost Method

An accounting method where the total costs of producing goods or services are calculated, including both direct and indirect costs.

Target Costing

A pricing strategy in which the selling price of a product is determined first, and then the allowable cost of manufacturing the product is calculated by subtracting a desired profit margin.

Cost-Reduction Emphasis

A strategic focus of an organization on identifying and implementing ways to decrease expenses and costs to improve profitability.

Differential Analysis

The process of comparing the costs and benefits of alternative decisions or investments to determine the best option.