The Systems Flexibility Argument Suggests That More Diverse Organizations Will

question 23

Multiple Choice

The systems flexibility argument suggests that more diverse organizations will be more competitive because they will

• 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:

Expected Price Level

The anticipated average level of prices in the economy for goods and services, often considered in the context of inflation expectations.

Aggregate Supply

The total supply of goods and services produced within an economy at a given overall price level in a given period.

Sticky-Price Theory

A theory proposing that prices of goods do not immediately adjust to changes in economic conditions, causing economic inefficiencies.

Aggregate Demand

The grand total of all demands for goods and services within an economic sphere, established at a certain collective price level during a fixed timeframe.