Assignment

Describe how the financial statements (the income statement, statement of retained earnings, balance sheet and statement of cash flows) are interrelated. Provide at least two examples.

If you were an investor, would you place more emphasis on any one particular financial statement? Explain your answer.

The U.S. Department of Labor (n.d.) describes affirmative action as shown below:

For federal contractors and subcontractors, affirmative action must be taken by covered employers to recruit and advance qualified minorities, women, persons with disabilities, and covered veterans. Affirmative actions include training programs, outreach efforts, and other positive steps. These procedures should be incorporated into the company's written personnel policies. Employers with written affirmative action programs must implement them, keep them on file and update them annually. (para. 1)

Do you believe affirmative action is in and of itself discriminatory, that is to say, discriminates against qualified non-minorities in favor of minorities? Why, or why not?