If an employer is found to have engaged in illegal discrimination, under Title VII the courts may:
a. require an offending employer to begin an affirmative action program
b. require the employer to hire qualified employees in the protected class to make up for past discriminatory activities
c. require the employer to train current minority employees to become qualified candidates for promotion to positions in which they are underrepresented
d. all of the other specific choices are possible
e. none of the other specific choices are possible
d
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Which of the following is true for a "repurchase agreement"?
A) Long-term borrowing agreement B) Uses Bills as collateral for loan C) Borrows money from government D) Non-collateralized loan
Frank Maple, CPA, represents his brother Joe Maple and Joe's business partner Bill Smith. Joe Maple and Bill Smith are equal shareholders in the Joe & Bill Corporation. The Internal Revenue Service examined the corporation and determined that one of the shareholders committed fraud, but could not determine which shareholder it was. Frank has made an appointment with the Internal Revenue Service to determine which partner was guilty. Which of the following statements reflects what Frank should do in accordance with Circular 230?
A. Frank should meet with the Internal Revenue Service and try to convince the examiner that each shareholder is equally guilty. B. Advise Joe & Bill that they should dissolve the corporation, thereby making it difficult for the Internal Revenue Service to pursue the issue. C. Advise Joe & Bill that he cannot represent them because there is a conflict of interest. D. Advise Joe & Bill on creating documents that will convince the Internal Revenue Service that neither shareholder is guilty of fraud.