All of the Following Are Principles Established by Griggs V

question 106

Multiple Choice

All of the following are principles established by Griggs v. Duke Power Company EXCEPT ________.

• A)burden of proof is on the employer
• B)performance standards should be unambiguous
• C)business necessity is a defense for an existing program
• D)discrimination does not have to be overt to be illegal

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Definitions:

Cost Of Goods Sold

An accounting term referring to the direct costs attributable to the production of the goods sold by a company.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, becoming the next period's beginning inventory.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, such as monthly or annually, rather than continuously.

FIFO

"First In, First Out," an inventory valuation method assuming that the oldest items in inventory are sold or used first.