Which of the Following Factors Is NOT an Acceptable Basis

question 20

Multiple Choice

Which of the following factors is NOT an acceptable basis for different pay for equal work under the Equal Pay Act of 1963?

• A)gender
• B)seniority
• C)production quality
• D)production quantity

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Definitions:

Capital Balance

The amount of equity a partner has in a partnership or an owner has in a business, reflecting the net value of their investment.

Deficiency

The debit balance in the owner’s equity account of a partner.

Absorbed

Pertains to costs that have been taken into account or integrated into the pricing of products or services, often in relation to overheads or other indirect expenses.

Share of Losses

An accounting term referring to the proportion of losses allocated to an entity in a partnership or joint venture.