Additional Case 4.3 Your Retail Company Has 80% of Its Stores Located in Stores

question 11

Multiple Choice

Additional Case 4.3
Your retail company has 80% of its stores located in downtown metropolitan areas. Your biggest stores are in communities where minorities represent 60% of your customers. Your middle-management team has been changing over time so that 50% of your managers are women and about 30% are ethnic minorities. A significant number of your hourly employees, about 35%, have served over 20 years in their respective stores and many are over 40 years of age. Top management feels that African-Americans are under-represented in the hourly workforce and in middle management. They want HR to initiate an aggressive recruitment process to address the situation.
Hispanics are the biggest minority group, besides women, in your workforce. In a discussion about where the company should target its diversity program, the CEO explains she wants to implement a training program for managers to raise their sensitivity to minorities, especially Hispanics. She also notes that there are no disabled persons in the workforce and very few Asian-Americans. Carlos, the VP of facilities, notes that he has accommodated all the Asian-American employees he can in his MIS and facility support services. He also argues that he only has about $10,000 in his budget for reorganizing display space in the stores to accommodate disabled employees and that this amount probably isn't sufficient to accommodate a disabled employee.
-Refer to Additional Case 4.3.Which of the following is a true statement about older workers that management should consider?

• A) Older workers tend to be less motivated as they age, so they require more training and supervision than younger workers.
• B) Older workers have knowledge that can benefit younger workers, so mentoring programs can improve the firm's success.
• C) Older workers have similar communication styles and work habits as younger workers, so the two groups have few conflicts.
• D) Older workers are absent from work more often than younger workers because of illness, which can be costly for the firm.

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the company's balance sheet.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and equity.

Stock Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell a stock at an agreed-upon price within a certain period.

Stockholder Rights

The privileges and protections provided to shareholders of a company, including voting rights, dividends, and information access.