Which of the Following Statements Is TRUE

question 52

Multiple Choice

Which of the following statements is TRUE?

• A) Australia is becoming a more homogeneous society
• B) Deep-level diversity is evident in a person's decisions,statements and actions
• C) Most Australians believe that the government should disband multiculturalism
• D) Diversity offers tremendous advantages to organisations with almost no disadvantages

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Definitions:

Import Competition

The competition between domestic products and foreign products in a domestic market, affecting local industries.

Herfindahl Index

A measure of the concentration of industries or markets, calculated as the sum of the squares of the market shares of the largest firms, used to assess the extent of competition.

Concentration Ratios

measures that indicate the extent to which a small number of firms dominate the sales, output, or capacity in a particular market.

Game Theory

A theoretical framework for conceiving social situations among competing players and predicting their optimal decisions.