In the Regents of the University of California V

question 15

Multiple Choice

In the Regents of the University of California v. Bakke (1978) case, the U.S. Supreme Court:

• A) invalidated all affirmative action programs nationwide, deeming them unconstitutional.
• B) ruled that race cannot be the sole factor for deciding university admissions.
• C) ruled that the Constitution guarantees a right to same-sex marriage in every state.
• D) ruled that every organization should set upaffirmative programs.
• E) stated that discriminatory laws must be narrowly tailored to meet a compelling government interest.

---

Definitions:

Cash Dividends

Payments made by a corporation to its shareholders out of its profits or reserves.

Investing Activities

Financial activities related to buying or selling long-term assets and investments, a key component of a company’s cash flow statement.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowing of the company.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity.