Which of the Following Statements About the Resource Acquisition Argument

question 18

Multiple Choice

Which of the following statements about the resource acquisition argument for diversity is TRUE?

• A)Organizations that manage diversity and multiculturalism effectively are better able to attract qualified employees from women and minorities.
• B)A manager can reduce employee absenteeism and turnover by learning how to manage diversity and multiculturalism.
• C)Diversity and multiculturalism are accompanied by an increased pool of information.
• D)Organizations with diversity and multiculturalism are generally more creative and innovative than other organizations.
• E)Organizations with diversity and multiculturalism are better able to understand different market segments than are less diverse organizations.

Understand how to calculate and interpret the gross margin ratio.

Identify and understand the components and significance of ending inventory.

Calculate and understand the implications of the current ratio and acid-test ratio for business liquidity.

Understand the calculation and business implications of the acid-test ratio.

---

Definitions:

AVC

Average Variable Cost; the total variable cost divided by the quantity of output produced, indicative of variable costs per unit of output.

Marginal Cost Curve

This curve illustrates the change in the total cost that arises when the quantity produced is incremented by one unit. It is the graphical representation of the marginal cost of production as the amount produced changes.

ATC

Average Total Cost, which is the total cost of production (including both fixed and variable costs) divided by the number of units produced.

AVC

stands for Average Variable Cost, which is the total variable cost divided by the quantity of output produced.