Which of the Following Statements Is TRUE Regarding the Scenario

question 65

Multiple Choice

Which of the following statements is TRUE regarding the scenario described here?

• A) Given the available information, the company is guilty of affirmative action.
• B) The company is not guilty of discrimination.
• C) Given the available information, the company is guilty of adverse impact.
• D) The company is acting in a completely legal manner.
• E) The WARN Act is being violated.

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Definitions:

Horizontal Analysis

A method of financial analysis in which financial statements figures for a period are compared to those of the previous period to determine the changes in dollar amounts and percentages.

Liquidity Ratios

Financial metrics used to measure a company's ability to pay off its short-term liabilities with its short-term assets.

Dollar Amount Changes

Alterations in financial figures, reflecting increases or decreases in values such as revenues, expenses, assets, or liabilities over a period.

Fixed Assets

Long-term tangible assets used in the operation of a business that are not expected to be converted into cash within a year.