Under Which of the Following Circumstances Is a Difference in Pay

question 90

Multiple Choice

Under which of the following circumstances is a difference in pay between men and women permitted by the Equal Pay Act of 1963?

• A) Difference in performance
• B) Difference in life stage
• C) Difference in ethnicity
• D) Difference in religious beliefs

---

Definitions:

Retained Earnings

The portion of a company's profits not distributed as dividends to shareholders but retained by the company for reinvestment in its operations or to pay debt.

FIFO System

First-In, First-Out, an inventory valuation method where goods first added to inventory are the first ones to be sold.

Impairment

Impairment occurs when the carrying amount of an asset exceeds its recoverable amount, leading to a reduction in the asset's value on the balance sheet.

Intangible Assets

Non-physical assets such as patents, copyrights, trademarks, software, and goodwill that have value to a business.