Circumstances That Resemble an Invisible Barrier That Keep Most Women

question 70

Multiple Choice

Circumstances that resemble an invisible barrier that keep most women and minorities from attaining the top jobs in organizations are referred to as the

• A) revolving door.
• B) fixed wall.
• C) glass ceiling.
• D) closed door.
• E) glass escalator.

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Definitions:

Economic Profits

Economic profits are the excess returns over the total costs, including both explicit and implicit costs.

Pure Competition

A market structure characterized by a large number of small firms, identical products sold by all firms, no barriers to entry or exit, and perfect information among buyers and sellers.

Monopolistic Competition

A market structure characterized by many competitors selling products that are substitutes but differentiated from one another by branding or quality.

Entry Barriers

Conditions that prevent new competitors from easily entering an industry or area of business.