The________ Is a Rule of Thumb Used by the Courts

question 110

Multiple Choice

The________ is a rule of thumb used by the courts and the EEOC to determine whether there is evidence of adverse impact. A violation of this rule occurs when the selection rate for a protected group is less than a specified level of the selection rate for a nonprotected group.

• A) two-fifths rule
• B) 80 percent rule
• C) dysfunctional turnover rule
• D) disparate treatment rule
• E) principle of adverse impact

Understand various approaches to product pricing, including cost-plus pricing.

Understand the principles of activity-based costing and its advantages over traditional costing systems.

Recognize the factors influencing pricing decisions, including cost-plus and variable cost concepts.

Identify the concepts of sunk cost, differential cost, and opportunity cost in decision-making processes.

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Definitions:

Assets

Economic resources controlled or owned by a business, which are expected to produce benefits or value in the future.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing what the owners truly own.

Revenue Recognition

The accounting principle dictating the conditions under which revenue is recognized and can be reported in financial statements.

Fraud

A deliberate deception to secure unfair or unlawful gain, often financial in nature. It can involve various schemes, including embezzlement, identity theft, and forgery.