Affirmative Action Is

question 39

Multiple Choice

Affirmative action is

• A) a program of private and public institutions that favor minorities and women in an attempt to compensate for past discrimination.
• B) an effort to engage in racial discrimination for the greater good.
• C) unconstitutional.
• D) no longer needed because society is now color blind.
• E) unequal treatment based on government laws and regulations.

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Definitions:

Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return.

Future Value

The amount of money an investment is expected to be worth in the future, considering interest or capital gains.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Interest

A charge for borrowed money, generally a percentage of the amount borrowed, paid by the borrower to the lender over a set period.