Which of the Following Statements About the Lily Ledbetter Fair

question 90

Multiple Choice

Which of the following statements about the Lily Ledbetter Fair Pay Act is true?

• A) This law extends the protection against pay discrimination to men as well as to women.
• B) This law allows women to file pay discrimination complaints with the EEOC on the basis of violation of pay equity as well as on the basis of equal pay for equal work.
• C) Women who have been paid less than men have for the same job have no time limits on when they can file a complaint with the EEOC.
• D) Under this act, the EEOC can award damages to successful plaintiffs as well as making them whole.

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Definitions:

Periodic system

A periodic system is an inventory management approach where inventory levels and the cost of goods sold are calculated at the end of each accounting period, rather than continuously.

Beginning inventory

This is the value of all the inventory (raw materials, work-in-process, and finished goods) that a company has at the start of an accounting period.

LIFO

An inventory valuation method that assumes the last items placed into inventory are the first ones sold; stands for Last In, First Out.

Cost

A payment of cash (or a commitment to pay cash in the future) for the purpose of generating revenues.