The Main Point of a Quota Is to Ensure That

question 6

Multiple Choice

The main point of a quota is to ensure that

• A) only the most competent applicants are hired.
• B) a sufficient number of minorities or women apply.
• C) an organization has a predetermined percentage of minority members or women.
• D) reparations are given to those who have suffered the most.

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Definitions:

Mutually Exclusive

Mutually exclusive describes a scenario where the occurrence of one event makes the occurrence of another impossible.

Unequal Lives

Refers to comparing projects or assets with different durations or expected lifetimes to make investment or capital budgeting decisions.

Equivalent Annual Annuity

A method used in capital budgeting to compare the profitability of investments with different lifespan by converting them into an equivalent annuity.

Net Present Value

The calculation that compares the value of a dollar today to the value of that same dollar in the future, taking inflation and returns into account.