Machine Corporation Requires Its Employees to Have a High School

question 13

Multiple Choice

Machine Corporation requires its employees to have a high school diploma, claiming a definite connection between a high school education and job performance. In a suit against Machine Corporation under Title VII, this requirement is shown to have a discriminatory effect. The employer has

• A) no defense.
• B) a bona fide occupational qualification defense.
• C) a business necessity defense.
• D) a seniority systems defense.

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Definitions:

Face Value

The face or monetary value displayed on a financial document like a bond or stock certificate, indicating its official worth.

Premium

An amount paid in addition to the standard cost or value, often for insurance, bonds, or the higher quality of a product or service.

Interest Rate

The fee, represented as a proportion of the principal, imposed by a lender on a borrower for utilizing assets.

Effective Interest Method

A method of calculating the amortized cost of a bond and the amount of interest expense over time by applying a constant interest rate to the carrying amount of the bond.