Which of the Following Benefits of Workplace Diversity Contributes to Organizational

question 72

Multiple Choice

Which of the following benefits of workplace diversity contributes to organizational performance?

• A)reduced costs associated with high turnover and absenteeism
• B)potential source of competitive advantage from improve innovation efforts
• C)increased understanding of the marketplace and improved ability to better market to diverse customers
• D)ability to attract and retain employees of diverse backgrounds

Explain the conditions under which resources are efficiently allocated in competitive markets.

Understand the impact of new firm entry and exit on market equilibrium and economic profits in a competitive price-taker market.

Identify the factors driving firms to enter or exit the market.

Recognize the role of economic profits and losses in resource allocation and market signals.

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Definitions:

Social Isolation

The state of being separated from others, leading to lack of social interactions and relationships.

Emotional Exhaustion

A state of feeling overwhelmed and drained of physical or emotional energy due to prolonged stress.

Bullying

The act of repeatedly and intentionally causing harm or discomfort to another person, often through an imbalance of power.

Elevated Work

Tasks or operations that are conducted at heightened levels above the ground, necessitating the use of safety equipment and precautions.