Compliance with Laws

question 41

Multiple Choice

Compliance with laws

• A) is one of many methods and means to pursue diversity.
• B) is less important than whether discrimination is intentional or unintentional.
• C) can be troublesome, expensive, and costly, especially for medium-sized companies compared with other companies.
• D) will be more complex when the age discrimination in employment act changes to protect workers aged 35 and older.
• E) All of the above.

---

Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the interest payments due on any form of debt.

Tax Expense

The amount of money that a company owes in taxes based on its net income, adhering to the tax laws of the jurisdictions in which it operates.

Gross Margin

The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue, indicating the financial health of a company's core activities.

Net Operating Income

The total profit of a company after operating expenses but before deducting interest and taxes.