Why Is Diversity a Pressing Issue for Managers and Organizations

question 71

Multiple Choice

Why is diversity a pressing issue for managers and organizations?

• A)Embracing diversity encourages differences of opinions or ideas that are beneficial to the organization.
• B)Effectively managing diversity can improve organizational effectiveness.
• C)There is a strong ethical imperative in many societies to see that all people receive equal opportunities and are treated fairly and justly.
• D)Embracing diversity encourages employee engagement.
• E)All of these choices are correct.

Analyze the effect of varying levels of sales on profit using cost-volume-profit (CVP) analysis.

Use scatter diagrams as a tool for analyzing past cost behaviors and estimating future costs.

Understand and apply the high-low method for estimating fixed and variable costs.

Understand the principles and rules of revenue recognition under Generally Accepted Accounting Principles (GAAP).

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Definitions:

Tax Consequences

The effects that various financial actions have on the amount of tax one must pay.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, often used as a metric to assess company culture and retention efforts.

Communicate Extent

The process of conveying the scope, range, or degree of something.

Overall Costs

The total expenses incurred in the production, operation, or provision of a service, including direct and indirect costs.