If a Complaint Is Filed with the EEOC,and the EEOC

question 55

Multiple Choice

If a complaint is filed with the EEOC,and the EEOC finds no probable cause of a violation of the law,then the EEOC will most likely:

• A) initiate the conciliation process.
• B) notify the complainant who may still file a lawsuit.
• C) initiate litigation anyway.
• D) refer the case to the OFCCP for appeal.

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Definitions:

FIFO

Stands for First In, First Out, an inventory valuation method where goods purchased or produced first are sold or used first.

Gross profit

The difference between revenue and the cost of goods sold (COGS), representing the profit made before deducting operating expenses.

Net income

The profit of a company after all revenues, costs, and expenses have been subtracted, indicating the actual earnings.

Periodic inventory system

An inventory accounting system where updates to inventory levels are made on a periodic basis, rather than each time a sale or purchase occurs.