Research Has Shown That Affinity Groups

question 29

Multiple Choice

Research has shown that affinity groups:

• A) create divisions in the workplace.
• B) are bad experiences for minority employees.
• C) help retain minority employees.
• D) reduce creativity by being homogeneous.
• E) none of these.

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Definitions:

Monetary Cost

The amount of money that must be paid or spent to acquire goods, services, or assets.

Implicit Cost

The opportunity costs that arise from using assets, resources, or funds in specific ways rather than the next best alternative.

Capital

The total value of assets owned by an individual or firm—physical assets plus financial assets.

Opportunity Cost

The cost of the next best alternative foregone as the result of making a decision.