Which of the Following Represents a Cost of Instituting a Diversity

question 26

Multiple Choice

Which of the following represents a cost of instituting a diversity management system?

• A)decreased productivity and employee efficiency
• B)decreased effectiveness and productivity of teams
• C)increased cost of hiring outside consultants
• D)increased cost to develop appropriate evaluation and reward systems

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Definitions:

Oligopolies

Market forms in which a market or industry is dominated by a small number of sellers (oligopolists).

Competitive Outcome

The result achieved in a market where businesses vie for customers by offering better prices, quality, or services, leading to benefits for consumers.

Duopoly Outcome

The result or consequence of a market structure where two companies dominate the supply of a product or service.

Price-fixing Agreement

An illegal arrangement in which businesses agree on prices of their goods or services, undermining competition.