Which of the Following Factors Is Not an Acceptable Basis

question 104

Multiple Choice

Which of the following factors is not an acceptable basis for different pay for equal work under the Equal Pay Act of 1963?

• A) gender
• B) seniority system
• C) merit pay system
• D) quality of production

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Definitions:

IFRS

The International Financial Reporting Standards are a set of accounting principles used internationally to ensure financial statements are comparable across international boundaries.

US GAAP

United States Generally Accepted Accounting Principles, which govern the preparation and reporting of financial statements in the U.S.

Prior Service Cost

Costs recognized when a pension plan is amended to increase benefits for employee service in prior periods, typically amortized over time.