Which of These Statements Is TRUE

question 141

Multiple Choice

Which of these statements is TRUE?
I. Jennifer discovered that she receives a substantially lower salary than Ted, who has the same level of education and ability as she does. This is considered illegal under the Equal Pay Act of 1963.
II. Hamid, a 43-year-old male, has decided to take legal action under the Lily Ledbetter Act since finding out that he did not get a job due to his age.
III. Amy suspects that she was refused a promotion due to her race. The Americans with Disabilities Act made this type of employer behavior illegal.

• A) I only
• B) II only
• C) II and III
• D) I and III

---

Definitions:

Breach of Fiduciary Duty

Occurs when an individual in a trusted position fails to act in the best interests of another party whom he or she has a duty to.

Derivative Suit

A lawsuit brought by a shareholder on behalf of a corporation against a third party, often the corporation's executives or directors, claiming breach of duty.

Treasury Stock

Shares that were issued and later reacquired by the issuing company, held in the company's treasury and not actively traded.

Authorized Shares

The maximum number of shares that a corporation is legally allowed to issue, as specified in its articles of incorporation.