The EEOC and OFCCP Require Firms to Keep Their Staffing

question 94

Multiple Choice

The EEOC and OFCCP require firms to keep their staffing records in order to ________.

• A) ensure that qualified individuals are filling positions
• B) gather statistical information for federal tax purposes
• C) assess whether a firm's hiring practices are discriminatory
• D) create publication materials about firms in various industries

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Definitions:

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced (output) with the number of hours worked to produce those goods and services.

Economies Of Scale

Cost advantages that enterprises obtain due to their scale of operation, resulting in decreased costs per unit.

Technological Advance

Improvements in technology, leading to more efficient production processes, new product features, or entirely new products.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by GDP.