If a Firm Refuses to Hire Any Minorities Due to a Personal

question 53

Multiple Choice

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

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

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Definitions:

Cost

The amount of money required to purchase something or the expense associated with creating or maintaining a service or product.

Supply Metrics

Measures and data used to assess the efficiency and effectiveness of a supply chain, including lead time, inventory levels, and order accuracy.

Efficiency

The ratio of useful output to total input, used to measure the effectiveness of a system, process, or machine in utilizing resources.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.