If a Firm Refuses to Hire Minorities Due to Prejudice

question 36

Multiple Choice

If a firm refuses to hire minorities due to prejudice, its profits:

• A) tend to increase.
• B) tend not to be affected.
• C) tend to decrease.
• D) will increase slightly.

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Definitions:

Journal Entry

A record in accounting that notes the details of a financial transaction in the ledger.

Organization Chart

A visual representation that shows the hierarchical structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Planning

Planning is the process of setting goals, defining strategies for achieving those goals, and developing plans to integrate and coordinate work activities across an organization or individual effort.

Expected Results

Anticipated outcomes or performance results based on specific actions, strategies, or processes.