CMS,Incsolicited Bids from Various Contractors to Develop and Maintain the Grounds

question 24

Multiple Choice

CMS,Inc.solicited bids from various contractors to develop and maintain the grounds of its new office complex.Roberta,the head of facilities management at CMS,told her secretary,LeAnne,that she will not accept any bids from a Russian contractor.She then rejected a bid made by a Russian contractor without any legitimate reason.If the Russian contractor brings a lawsuit against CMS for discrimination,what is the likely result?

• A) Roberta's refusal to hire Russian contractors will be found to be a violation of the Social Security Act.
• B) Roberta's refusal to hire Russian contractors will be found to be a violation of the Consumer Protection Act.
• C) Roberta's refusal to hire Russian contractors will not be considered an offense because employers in the United States are free to discriminate against employees based on their race or national origin.
• D) Roberta's refusal to hire Russian contractors will not be considered a violation of Title VII of the Civil Rights Act because that law does not cover discrimination against independent contractors.

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Definitions:

Market Rate of Return

The average return on investment that is typical for a particular market or industry.

T-bill

Short-term government securities issued at a discount from the face value and maturing at par, used to finance government debt.

Issue Date

The specific date on which a financial instrument is issued or becomes effective.

Simple Rate of Interest

Interest calculated only on the principal amount of a loan or deposit, without compounding.