Affirmative Action Is a Series of Policies,programs,and Initiatives That Have

question 37

True/False

Affirmative action is a series of policies,programs,and initiatives that have been instituted to prefer hiring of individuals from protected groups in certain circumstances,in an attempt to mitigate past discrimination.

Identify and explain different perspectives on ethical behavior in business contexts.

Recognize the ethical issues companies face when operating globally and form an opinion on how these challenges can be addressed.

Describe strategies for maintaining high ethical standards within organizations.

Understand the four dimensions of justice in organizations and apply them through examples.

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Definitions:

Better Technology

Improvements or advancements in technology that increase efficiency or productivity.

Concave Production Possibilities Curve

A graphical representation indicating increasing opportunity costs as more of one good is produced, resulting in a bowed-out shape.

Economic Resources

These are the assets, materials, and inputs used to produce goods and services, including labor, capital, and natural resources.

Opportunity Costs

The value of the foregone alternative when a decision is made; essentially, the cost of choosing one option over another.