Which of the Following Statements Concerning the Economic Benefits or Value

question 102

Multiple Choice

Which of the following statements concerning the economic benefits or value for embracing diversity is NOT true?

• A)Embracing diversity offers a company a marketing advantage.
• B)Diversity is too costly to sustain in small organizations.
• C)Diverse teams often outperform non-diverse teams.
• D)Embracing diversity has cost implications.

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Definitions:

Costs

Costs refer to the expenditures incurred by a business in the process of generating revenues.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit.

Fixed Costs

Expenses that remain constant regardless of the amount of production or sales, including rent, wages, and insurance premiums.

Mixed Cost

A cost that contains both fixed and variable components and changes with the level of output but not directly in proportion.