In the Context of Higher Education, Which of the Following

question 3

Multiple Choice

In the context of higher education, which of the following statements best describes affirmative action?

• A) It refers to the emphasis on certificates or degrees to show that people have certain skills, educational attainment levels, or job qualifications.
• B) It refers to school practices that transmit nonacademic knowledge, values, attitudes, norms, and beliefs.
• C) It refers to a system that rewards people because of their individual accomplishments.
• D) It refers to the process of assigning students to specific educational programs and classes on the basis of test scores, previous grades, or perceived ability.
• E) It refers to admission policies that provide equal access for groups, particularly women and minorities that have been historically excluded or underrepresented.

Distinguish between the effects of financial leverage on various performance metrics such as ROE, EPS, and EBIT.

Grasp the implications of fixed-cost financing and the meaning of financial leverage.

Calculate the degree of financial leverage and understand its implications for earnings per share (EPS) variability.

Comprehend how tax deductions for corporate interest affect financial leverage and firm value.

---

Definitions:

Social Responsibility

The obligation of companies to act in ways that benefit society at large, beyond their own interests or profit.

Sustainable Development

The practice of meeting present needs without compromising the ability of future generations to meet their own needs, typically focusing on environmental, economic, and social sustainability.

Marketing Concept

A business philosophy that focuses on identifying and meeting the needs and desires of its customers through its product mix.

Consumer-oriented

A business philosophy that places the interests and satisfaction of the consumer at the forefront of decision-making and product development.