Consider a Color-Blind Firm That Is Currently Maximizing Profits

question 17

Multiple Choice

Consider a color-blind firm that is currently maximizing profits. An affirmative action policy is put in place requiring that all firms in the industry abide by a certain quota. Which of the following will occur?

• A)There will be no effect because the firm is currently color-blind.
• B)If the quota is already met, the firm will make no changes in its hiring practices.
• C)If the firm currently meets the required quota, it will cut costs by adjusting labor to exactly meet the affirmative action requirements.
• D)If the firm currently meets the quota, it will begin to lose profits due to the affirmative action requirements.
• E)The firm will have to fire some workers.

Identify common practices and types of corruption in the business world, both domestically and internationally.

Recognize the distinction between criminal and noncriminal forms of economic deviance related to high-status occupations.

Analyze the societal and legal responses to white-collar and corporate crimes.

Comprehend the complex nature of white-collar crime theories and the multi-factor approach towards explaining these crimes.

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Definitions:

Time Management

The process of organizing and planning how to divide one's time between specific activities to increase efficiency and productivity.

Work Exhaustion

A state of physical and emotional depletion resulting from prolonged exposure to workplace stressors.

Job Burnout

A state of physical, emotional, or mental exhaustion combined with doubts about one's competence and the value of work, often resulting from prolonged stress.

Depersonalization

A psychological state in which individuals perceive or treat others as devoid of human qualities or personality.