At Milton Farms, Where a Large Part of the Management

question 41

Multiple Choice

At Milton farms, where a large part of the management comes from the same sociocultural background, many employees of diverse ethical or cultural origins are hired only to ensure legal compliance with laws relating to diversity at the workplace. The company's day-to-day functioning leaves much to be desired in terms of promoting diversity. Recently, the owner's cousin was promoted to the post of a branch manager while three suitable candidates hailing from different cultures were blatantly overlooked. This is an example of ________.

• A) social loafing
• B) ingroup favoritism
• C) groupthink
• D) contrast bias
• E) social exchange

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Definitions:

Legal/Regulatory Environment

The framework of laws, regulations, and standards that govern how businesses operate, affecting everything from corporate behavior to market competition.

Philanthropic Side

The aspect of an individual or organization that is dedicated to promoting welfare of others, often through charitable donations or actions.

Milton Friedman

An influential American economist known for his work in the fields of macroeconomics, microeconomics, and the study of consumption analysis and monetary history.

Social Entrepreneur

An individual who establishes an enterprise with the aim of solving social problems or effecting social change, using traditional entrepreneurial principles.