Which of the Following Is a Way to Effectively Manage

question 45

Multiple Choice

Which of the following is a way to effectively manage diversity?

• A)entrusting employees with the responsibility of managing diversity rather than instituting mentoring programs
• B)reducing the use of minority suppliers
• C)reducing the number of religious holidays
• D)encouraging managers to rely on gender schemas to guide their perceptions of employees
• E)insisting that even suppliers support diversity

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Definitions:

Efficient Economy

An economy where resources are allocated in the most efficient way possible, maximizing the production of goods and services without wasting resources.

Economic Output

The total value of all goods and services produced within an economy over a specific time period.

Potentially Efficient

A condition where resources could be allocated in a way that maximizes the net benefits to society, although it may not necessarily be achieved.

Empirical Economics

The study of economics based on the collection and analysis of data, emphasizing the role of observation and experimentation in understanding economic principles.