It Is Illegal Under Title VII and the Two Equal

question 63

True/False

It is illegal under Title VII and the two Equal Opportunity Acts to consider sex, race, color, ethnicity, national origin, able-bodiedness, or religion in hiring, promoting, compensating, terminating, or in any way changing someone's terms of employment.

---

Definitions:

Implicit Costs

Costs that represent the opportunity costs of using resources that the firm already owns, not involving direct monetary payment.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting an activity or business operation.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, indicating the financial gain in an economic activity.

Accountant

A professional who is responsible for keeping and interpreting financial records, ensuring accuracy and compliance with laws.