Affirmative Action Is a Type of Private and Public Institution

question 201

True/False

Affirmative action is a type of private and public institution favoring minorities and women in hiring and in admissions to colleges and universities in an attempt to compensate for past discrimination.

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Definitions:

Market Price

The present cost at which a product or service is available for purchase or sale in a specific market.

Total Cost

The cumulative amount of money spent or resources used in the production of goods or services, including fixed and variable costs.

Market Price

The existing price for buying or selling an asset or service in a particular market.

Profit

The financial gain realized when the revenue from business activities exceeds the costs and expenses associated with its operation.