The Management Practice of ________ Involves Actively Seeking People of Different

question 73

Multiple Choice

The management practice of ________ involves actively seeking people of different races, sexes, ethnic groups, and religions in an organization's employees, customers, suppliers, and distribution channel partners.

• A) geodemography
• B) cultural diversity
• C) ethnic segmentation
• D) psychography
• E) social networking

Identify the characteristics and disadvantages of bureaucratic organizations.

Understand the role of management science and quantitative approaches in modern management.

Recognize the importance of adapting management practices to meet the diverse needs of individuals and achieve productivity.

Understand the attributes of performance excellence according to Peters and Waterman.

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Definitions:

Ordering Cost

The expenses associated with placing an order for additional inventory, including administrative costs and the cost of obtaining goods.

Purchase Price

The amount of money paid to buy a good or service.

Safety Stock

Additional inventory held to protect against uncertainties in demand or supply, ensuring sufficient stock is available to meet customer needs.

Service Level

A measure of the quality of service provided, often defined as the percentage of customer demands that are met on time.