List Steps Management Can Take to Promote Diversity in Their

question 12

Essay

List steps management can take to promote diversity in their organizations.

Explain the differences between various types of unions (e.g., industrial, craft) and the strategies they employ (e.g., exclusive, inclusive).

Understand the impact of labor laws and regulations on labor practices such as monopsonies, closed shops, and right to work laws.

Recognize the historical context and significance of the most disruptive strikes in labor history.

Evaluate the reasons behind the shifts in workforce from manufacturing to service industries and their effect on unionization.

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Definitions:

Bond

A fixed income instrument that represents a loan made by an investor to a borrower, usually corporations or governmental agencies, which includes the terms of the loan, interest payments, and the time at which the loaned funds must be repaid.

Interest Rate Parity

An economic theory stating that the difference in interest rates between two countries is equal to the expected change in exchange rates between their currencies.

Unbiased Forward Rates

Financial theory suggesting that forward exchange rates should be an unbiased predictor of future spot exchange rates.

Covered Interest Arbitrage

An investment strategy that involves exploiting the interest rate differential between two countries while using forward contracts to hedge against currency risk.