Minter Is a Small Software Technology Firm

question 83

Multiple Choice

Minter is a small software technology firm. To create equal opportunities in the workplace, the management of Minter wants to hire more African Americans, Asian Americans, and Hispanics. This scenario illustrates the concept of _____.

• A) ethnocentrism
• B) collectivism
• C) affirmative action
• D) social stratification

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Definitions:

Cash Equivalents

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Bank Overdrafts

Occurs when withdrawals from a bank account exceed the available balance, giving the account a negative balance.

Treasury Bills

Short-term government securities issued at a discount from the face value and mature in a year or less, used by governments to raise funds.

Money Markets

Financial markets for short-term borrowing and lending, typically with maturities of less than one year.