Grimpy's Is a Chain of Stores That Specializes in Healthcare

question 9

Multiple Choice

Grimpy's is a chain of stores that specializes in healthcare and wellness products. As the company is expanding, the management wants to take steps to hire more women. The management hopes to establish a diverse workforce for the benefit of the company. This scenario illustrates the concept of _____.

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

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Definitions:

Current Creditors

Entities or individuals to whom a company owes money that is due to be paid within the short-term period, typically less than a year.

CRA

Stands for Canada Revenue Agency, the federal agency responsible for administering tax laws and various social and economic benefit and incentive programs.

Potential New Shareholders

Individuals or entities that may consider investing in a company's equity but currently do not hold any shares.

Auction Market

A marketplace in which buyers and sellers express their prices through bids and offers, and transactions occur at prices where supply and demand meet.