Diversity Management Would Not Be an Issue If Firms Would

question 171

True/False

Diversity management would not be an issue if firms would treat all of their employees the same.
A diverse workforce can consist of minorities,women,the disabled,homosexuals,atheists,and the devout.These differences can be a strength only if management works to meet the needs of each group while achieving the organizational goals.The interaction of these different views can encourage new perspectives and creative approaches to solving problems.

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Definitions:

Total Debits

The sum of all debit entries in a financial account or ledger, representing expenses or assets.

Closing Process

The procedure used in accounting to close out accounts at the end of an accounting period, summarizing revenues and expenses and showing net income or loss.

Income Summary

An account to which all income statement account balances are transferred at the end of an accounting period to determine the net profit or loss.

Net Loss

The amount by which total expenses exceed total revenues for a business, indicating a financial loss.