Discuss How Managing Cultural Diversity Can Provide a Competitive Advantage

question 71

Essay

Discuss how managing cultural diversity can provide a competitive advantage to a firm.

Examine the role of unions and their effects on wages and employment levels.

Determine the equilibrium wage and employment levels in competitive and monopsonistic labor markets.

Discuss the special case of professional sports labor markets and antitrust exemptions.

Explore the relationship between factor supply and demand curves and marginal expenditure in the context of monopsony.

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Definitions:

Economic Class

An immigration category that includes federal and Quebec-selected skilled workers, federal and Quebec-selected business immigrants, provincial and territorial nominees, the Canadian Experience Class (CEC), and caregivers, as well as spouses, partners, and dependants who accompany the principal applicants in any of these economic categories (Government of Canada, 2016a).

Refugee Class

A classification within immigration policy referring to individuals granted asylum or refugee status due to persecution or fear of persecution in their home countries.

Singh Decision

Landmark decision in refugee determination made by the Supreme Court of Canada in 1985; the decision protects the right of every refugee claimant to an oral hearing.

Supreme Court of Canada

The highest court in Canada, which serves as the final court of appeal and arbitrates over disputes concerning constitutional matters, federal and provincial legislation.