Which of the Following Statements About Executive Order 11246 Is

question 25

Multiple Choice

Which of the following statements about Executive Order 11246 is NOT true?

• A) It is the origin of most affirmative action in corporations.
• B) It is a legal defense a company can use to fight a disparate impact charge.
• C) It is enforced by the Office of Federal Contract Compliance Programs.
• D) It requires all companies with federal contracts of $50,000 or more and 50 or more employees,to have a written affirmative action plan.

---

Definitions:

Merchandise

Merchandise refers to the goods that a business purchases to resell at a profit.

Journal Entries

The method used to record all transactions in an accounting system, ensuring that credits and debits are balanced.

Financial Statement

Documents that report on a company's financial performance, position, and cash flows, providing insights to stakeholders about its financial health.

Bad Debt Expense

An expense recorded by businesses to account for invoices that are unlikely to be paid by customers.