Which Statement Concerning the Employment Equity Act Is false

question 55

Multiple Choice

Which statement concerning the Employment Equity Act is false?

• A) The act applies to the federal government.
• B) The act is directed at race and gender discrimination only.
• C) The act is designed to protect people from employment discrimination.
• D) Failure to comply with the act can put a firm in jeopardy in the courts.
• E) The act applies to all federal departments and agencies.

---

Definitions:

Financing Activities

These are transactions that involve changes in equity and long-term borrowings of the company, part of the cash flow statement.

Indirect Method

A method used in cash flow statement preparation that adjusts net income for changes in balance sheet accounts to calculate operating cash flow.

Net Income

The total profit or loss of a company after all revenues, expenses, taxes, and costs have been subtracted.

Financing Activities

These are transactions involving the flow of cash between a company and its owners and creditors. It includes issuing debt, repaying debt, stock sales, and stock repurchases.