In Regents of the University of California V

question 7

Multiple Choice

In Regents of the University of California v.Bakke (1978) ,the Supreme Court determined that __________ were unconstitutional.

• A) poll taxes
• B) grandfather clauses
• C) all forms of affirmative action
• D) racial quotas

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Definitions:

Perpetual Inventory System

An accounting method where inventory quantities and cost of goods sold are continuously updated with each sale or purchase transaction.

Merchandise On Hand

The inventory of goods that a company currently has available for sale.

Operating Expenses

The costs associated with running a company’s day-to-day operations, excluding the cost of goods sold, such as salaries, rent, and utilities.

Net Income

The amount of profit left after all expenses, taxes, and costs have been subtracted from total revenue.