The 1991 Revision of the Civil Rights Act to Support

question 65

Multiple Choice

The 1991 revision of the Civil Rights Act to support punitive and compensatory damages has

• A) reduced the number of discrimination suits against employees.
• B) encouraged employees to sue their employers.
• C) reduced the effectiveness of the Equal Employment Opportunity Commission.
• D) made it possible for courts to award unlimited damages.
• E) nullified the business necessity defense.

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Definitions:

Bond Redemption

Bond redemption is the process of repaying the principal amount of a bond at or before its maturity date by the issuer.

Carrying Value

Also known as book value, it is the value of an asset as shown on the balance sheet, calculated as the original cost minus accumulated depreciation.

Premium on Bonds Payable

The additional amount over the face value for which bonds are sold, reflecting the market's perception of lower risk or higher interest compared to the market rate.

Bonds Payable

Long-term liabilities representing money borrowed by a company that must be repaid, typically with interest, at a future date.