In the Text Case Baldwin V

question 84

Multiple Choice

In the text case Baldwin v. Foxx, where the plaintiff claimed he was not selected for a permanent position based on his gender and sexual orientation, the issue was whether plaintiff's claim of discrimination on the basis of sexual orientation stated a claim under Title VII. What was the result in the case?

• A) The plaintiff's discrimination claim based on sexual orientation fell within the meaning of sex discrimination under Title VII.
• B) The plaintiff's claim was barred because he initiated his claim more than 180 days after the alleged discrimination.
• C) The plaintiff's discrimination claim based on sexual orientation was not protected under Title VII.
• D) The plaintiff's discrimination claim was barred because he did not file a timely appeal.
• E) The plaintiff's discrimination claim based on sexual orientation did not constitute sex discrimination under Title VII.

Recognize the legal and tax implications of different business organizations.

Identify the requirements for forming, operating, and dissolving various business entities.

Differentiate between types of partnerships and their specific features.

Explain the concept of limited liability and how it applies to different business organizations.

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Definitions:

Minimum Cash Balance

The smallest amount of cash that a company or individual aims to hold in order to meet expected and unexpected needs.

Loan Interest

The amount charged by a lender to a borrower for the use of borrowed money, calculated as a percentage of the principal.

Master Budget

A comprehensive financial planning document that consolidates all of a company's individual budgets, including sales, production, and cash budgets.

Credit Sales

Sales transactions where the payment is deferred to a future date, allowing customers to purchase goods or services on credit.