Corporations Are Likely to Continue to Implement Preferential Policies for Minorities

question 29

Multiple Choice

Corporations are likely to continue to implement preferential policies for minorities because:

• A)a diverse labor force is essential for success in a diverse society.
• B)the government offers tax incentives for participation.
• C)most CEOs are in favor of affirmative action.
• D)lawsuits involving discriminatory practices are on the rise.

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Definitions:

State Taxes

State taxes are financial charges imposed by individual states on income, property, sales, and other activities, varying widely between different states.

Local Taxes

Taxes imposed by local governments, such as cities or counties, which can include property taxes, sales taxes, and income taxes.

W-2

The form that an employer must send to an employee and the IRS at the end of the year, which reports the employee's annual wages and taxes withheld.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period of time, resulting in net profit or loss.