When Companies Utilize ________, They Take Steps to Eliminate the Present

question 39

Multiple Choice

When companies utilize ________, they take steps to eliminate the present effects of past discrimination.

• A) affirmative action
• B) executive orders
• C) rehabilitation action
• D) anti-discrimination guidelines

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Definitions:

Interest Payable

The amount of interest expense that has been incurred but not yet paid by a company on its borrowings.

Long-Term Liabilities

Obligations a company is expected to pay beyond the next year, such as bonds payable or long-term loans.

Bonds Payable

Long-term liabilities on a company's balance sheet, representing money owed to bondholders that must be repaid at a future date.

Bond Redemption

Bond redemption is the process of repaying the principal amount of a bond at or before its maturity date by the issuer.