The Physical Separation of Groups That Is Not Legally Sanctioned

question 81

Multiple Choice

The physical separation of groups that is not legally sanctioned or imposed by the government but instead stems from individual preferences and economic forces is known as

• A) inequality of opportunity.
• B) inequality of outcome.
• C) de facto segregation.
• D) de jure segregation.

---

Definitions:

General and Administrative Expenses

Overhead expenses not directly tied to a specific function like production or sales, including executive salaries, legal fees, and other administrative costs.

FOB Shipping Point

A term used in shipping where the buyer takes responsibility for the goods once they are shipped, and bears transportation costs.

Inventory Shrinkage

The loss of products between purchase from a supplier and sale to customers, often due to theft, damage, or errors.

Multiple-Step Income Statement

An income statement that separates operating items from non-operating items and calculates net income in several steps or stages.