One of the Challenges of Having a Diverse Workforce Is

question 70

Multiple Choice

One of the challenges of having a diverse workforce is _____.

• A)too much group cohesion
• B)groupthink
• C)overanalyzed assumptions
• D)stereotyping
• E)a too-relaxed atmosphere

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Definitions:

Competitive Strategies

Approaches adopted by businesses to gain a competitive edge over rivals, including differentiation, cost leadership, and focus strategies.

Consumer Welfare

The overall well-being and interest of consumers, focusing on the quality, affordability, and accessibility of goods and services.

Consumer Financial Protection Bureau

A U.S. government agency aimed at ensuring consumers are treated fairly by banks, lenders, and other financial institutions, and protecting consumers from unfair, deceptive, or abusive practices.

Financial Crisis

A significant disruption in the flow of funds within financial markets and institutions, leading to a severe decline in asset values and liquidity, often resulting in a recession.