If an Organization Values and Manages Diversity as an Asset

question 32

Multiple Choice

If an organization values and manages diversity as an asset, the organization will most likely ________.

• A) notice an increase in workforce creativity
• B) have a narrower range of knowledge and skill
• C) enhance the speed coordination and communication
• D) lose the ability to recruit excellent talent

Recognize the role of the government in regulating business practices to promote competition.

Distinguish between various types of mergers and their implications for the market and competition.

Identify and describe major antitrust cases and their outcomes.

Understand the evolution of business practices in terms of mergers, acquisitions, and antitrust regulation.

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Definitions:

Secondary Sector

The part of the economy that includes industries involved in the processing, transformation, fabrication, or construction of materials and products from raw materials.

Rational-Legal

An authority system based on legal rules and regulations, and the rationality of law, often associated with modern bureaucracies.

Charismatic Authority

The exercise of power as legitimated through the personal magnetism of individuals who compel people to believe in them and grant them their support.

Traditional Authority

The exercise of power as legitimated by long-established cultural patterns and traditions.