Which of the Following Firms Is Most Likely to Be

question 145

Multiple Choice

Which of the following firms is most likely to be a perfectly competitive firm?

• A)one of the three largest automobile manufacturers in the United States
• B)one of the "Seven Sisters," which are oil-producing companies
• C)a public school operated by the government
• D)a farm that grows soybeans
• E)a manufacturer of refrigerators

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Definitions:

Disparate Impact

A phenomenon where a policy or practice appears neutral but disproportionately affects individuals of a certain group, often used in discussions of employment discrimination.

Four-Fifths Rule

A guideline used in the United States to assess discrimination in employment practices, indicating potential bias if a selection rate for any race, sex, or ethnic group is less than four-fifths (80%) of the rate for the group with the highest selection rate.

Discriminatory Content

Material or expressions that unfairly differentiate or prejudice against individuals or groups based on characteristics such as race, gender, age, or religion.

Valuing Diversity

Recognizing, respecting, and leveraging differences in the workforce, such as cultural backgrounds, perspectives, and skills, to foster an inclusive and productive environment.