Solved

Introducing Diversity Training (Scenario)

question 94

Multiple Choice

Introducing Diversity Training (Scenario)
Jackson Larkin is the general manager of Royal City Club in the business district of Toronto. The club is now over 100 years old with a proud tradition of serving its members who mostly work in finance, legal systems, and commercial properties. When the club originally was opened its membership was limited to men only. Due to pressures of the twentieth century equal opportunity movements, the club began accepting women as members in the late 1990s. The club board of directors, as well as the membership is predominantly white males with about 15% of the members now female. Jackson is reviewing the operating reports of the club. His main concern is stagnation in revenues due to very few new members coming in, operating costs increasing, competition from several new clubs in the downtown area that seemed to offer both modernized facilities, innovative services, and open memberships. Jackson is preparing a presentation to the board of directors specifically pointing out the bottom line which may be headed to closing of the club if revenues and operating budgets don't increase. He has some specific suggestions which he feels will improve the club, but at the same time he is apprehensive as he knows the club is known as the "old boys club" that is not exactly excited about anything that would change the comfort they feel in keeping the status quo. Some of the things he plans to bring up are more openness in membership, diversity in accepting new members as well as in hiring of staff, and revamping the restaurant menus to reflect the multiculturalism of the business world.
-Jackson knows that several of the members who do not seem to belong to the old boys network seem quite accepting and friendly toward Mala.He plans to approach Gerald Taylor,the club secretary,with the suggestion that Gerald ________ Mala to provide advice and guidance,and most of all social support to get her more widely accepted as a club member,and eventually as a board member.

Definitions:

Common Size Balance Sheet

A financial statement that presents all items as percentages of a common base figure, such as total assets, facilitating comparison across time and companies.

Total Assets

The sum of all assets owned by an entity, encompassing both current and non-current assets, and used in determining a company's financial health.

Owners' Equity

The residual interest in the assets of the enterprise after deducting liabilities, representing the owner's claim against the company's resources.

Common Size Financial Statements

Financial statements that present all line items as percentages of a common base figure rather than as absolute numerical figures, facilitating comparison.