The Law Relating to Affirmative Action Applies Only to About

question 65

Multiple Choice

The law relating to affirmative action applies only to about 20 percent of the workforce who are subject to Executive Order 11246, which requires affirmative action efforts to ensure equal opportunity. Which of the following is required by courts in order to remedy a finding of past discrimination, when Executive Order 11246 is not applicable?

• A)Voluntary affirmative action
• B)Judicial affirmative action
• C)Quasi-affirmative action
• D)Executive affirmation action

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Definitions:

Monopoly Power

The ability of a single company or entity to control and dominate an industry or market, limiting competition and potentially manipulating prices.

Perfectly-Elastic

Describes a situation where the quantity demanded or supplied responds infinitely to changes in price.

Marginal Revenue

The additional income earned from selling one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product or service, crucial for economic decision-making and pricing strategies.