Narrative 3-1 Dofasco, Inc. Is a Different Kind of Steel Company. Tiny

question 33

Multiple Choice

Narrative 3-1
Dofasco, Inc. is a different kind of steel company. Tiny by industry standards, the Canadian-based company has just 8,500 employees and a market cap of $2.3 billion. Dofasco operates with a close eye on the "triple bottom line." In addition to tracking financial metrics, Dofasco also monitors its impact on society and the environment. As a result, the company has outperformed many of its biggest competitors. Despite a recent slump in the automobile industry, which accounted for 50 percent of its business, Dofasco ran at 100 percent capacity and finished as one of the only integrated steelmakers in all of North America to make a profit that year. Dofasco is also one of the only companies in the steel industry without a union, and its employees like it that way. Employee turnover at the company's main operation is less than one percent annually. Part of its low turnover rate is due to the company's concern about protecting its external environment. As the CEO of the company said, "One way to get happy employees is not to wreck their community in which they live."
-Refer to the Narrative 3-1.What is the company's commitment to the "triple bottom line" and to keeping its employees happy indicative of?

• A) organizational hierarchy
• B) organizational culture
• C) general environment
• D) specific environment

Comprehend how public diplomacy and its practices, including country concept modeling, contribute to achieving political and diplomatic objectives.

Recognize the challenges and strategies of global communication, including the impacts of government censorship and cultural adaptation.

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Understand how crisis management strategies are developed and implemented within global corporations.

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Definitions:

Sample Proportion

The fraction or percentage of observations in a sample that belong to a particular category, used to estimate the proportion in the entire population.

Two-Tailed Hypothesis

A statistical test hypothesis that considers both directions of deviation from the null hypothesis, thus testing for the possibility of both positive and negative effects.

Population Proportion

The ratio of a specific subgroup within a population to the entire population, typically expressed as a percentage.

Independent Random Samples

Samples selected from a population in such a way that each member has an equal chance of being chosen, with no dependence between the selections.