Cultural Diversity in the Small Business Brings Several Benefits to Its

question 34

Multiple Choice

Cultural diversity in the small business brings several benefits to its owner,including:

• A)less government scrutiny of his/her business practices.
• B)local and state tax breaks.
• C)a smaller but better educated and skilled labor force from which to hire new employees.
• D)a rich blend of perspectives,skills,and talents.

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Definitions:

Discretionary Responsibility

Discretionary responsibility refers to the voluntary actions and decisions made by a company to benefit society or the environment, beyond what is legally required.

Social Well-Being

A condition in which an individual or community experiences positive relations, satisfaction, and a high quality of life within their social context.

Economic Expectations

Predictions or outlooks regarding economic conditions, such as growth, inflation, and employment, which can influence financial and business decisions.

Discretionary Responsibility

Refers to the voluntary commitment of an organization to contribute to the well-being of its community, environment, and society beyond its legal obligations.