The Oxford Corporation Has Introduced a New Program Called "Stay

question 21

Multiple Choice

The Oxford Corporation has introduced a new program called "Stay and Grow with Oxford." It has several different components.The company operates in a rural area where there are few minority employees. It has set up regular meetings for its minority employees in the area to meet, exchange information about activities and housing options, and socialize.Since many of the managers are nearing retirement age, one component of the program pairs older managers with promising young minority managers in order to offer their youthful counterparts career advice and introduce them to the company's top management.Because members of some minority groups recognize holidays other than those celebrated by the majority, the company has introduced a flexible work system that allows these employees to take time off during their holidays.The second component of Oxford Industries' "Stay and Grow with Oxford" program, pairing older managers with promising young minority managers, is an example of

• A)career displacement.
• B)support groups.
• C)employee promotions.
• D)alternative work arrangements.
• E)mentoring.

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Definitions:

Consumption

The use of goods and services by households. It includes spending on durable goods, nondurable goods, and services.

Loanable Funds

The market where savers supply funds for loans to borrowers, often illustrated by the supply and demand for loans.

Interest Rate

The chunk of a loan taken as interest by the borrower, typically outlined as an annual percentage of the loan's outstanding balance.

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to downward pressure on prices.