The Civil Rights Act of 1991

question 328

Multiple Choice

The Civil Rights Act of 1991

• A) declared affirmative action plans unconstitutional.
• B) requires any firm with over 600 employees to file an annual report with the Department of Labor identifying the steps it has taken to eliminate discriminatory practices.
• C) allows victims of discrimination to seek punitive damages.
• D) is the first law to declare reverse discrimination illegal.

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Definitions:

Par Value

A nominal or face value assigned to a share of stock, bonds, or other securities as stated in the corporate charter or on the stock certificate.

Dividend Rate

The amount of dividend that a company pays out to its shareholders annually, usually expressed as a percentage of the stock's current market price or as a fixed amount per share.

Authorized Shares

Authorized shares refer to the maximum number of shares a corporation is legally allowed to issue, as specified in its articles of incorporation.

Redemption Value

The value at which a bond or other debt instrument can be redeemed before maturity, typically at face value.