All of the Following Are Principles Established by Griggs V

question 43

Multiple Choice

All of the following are principles established by Griggs v.Duke Power Company EXCEPT ________.

• A) burden of proof is on the employer
• B) employment selection practices must be job related
• C) performance standards should be unambiguous
• D) discrimination does not have to be overt to be illegal

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Definitions:

Perfect Competitor

A hypothetical firm in a perfectly competitive market that cannot influence the market price of its product and takes the market price as given.

Marginal Cost

A concept in economics that refers to the change in the total cost when an additional unit of a product is produced.

Average Total Cost

The total cost of production (fixed and variable costs) divided by the quantity produced, indicating the cost per unit of output.

Marginal Revenue

The additional income generated from the sale of one more unit of a good or service.