The Creativity Argument for Diversity Suggests That More Diverse Organizations

question 16

Multiple Choice

The creativity argument for diversity suggests that more diverse organizations will be more competitive because they tend to:

• A) be better able to understand different market segments.
• B) be characterized by multiple perspectives and ways of thinking.
• C) be better able to respond to changes in environment.
• D) become known among women and minorities as good places to work.
• E) have higher levels of productivity and lower levels of turnover and absenteeism.

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Definitions:

Price

The amount of money required to purchase a good or service.

Demand

How much of a good or service buyers intend and can afford to buy across different prices within a set timeframe.

Marginal Revenue Product

The increase in revenue generated from the use of one more unit of a factor of production.

Perfect Competitor

A theoretical market structure where many firms sell identical products, allowing no single firm to influence market prices.