Managing Diversity Is Important Because Affirmative Action and Equal Employment

question 41

Multiple Choice

Managing diversity is important because affirmative action and equal employment opportunity (EEO) laws have

• A)failed to adequately punish corporations for the deeds of their predecessors.
• B)not done enough in terms of establishing quotas for hiring.
• C)established a combative atmosphere in the workplace.
• D)not done enough to improve opportunities for women and minorities.
• E)established a situation in which company leaders are too comfortable.

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Definitions:

Deadweight Loss

When a good or service's free market equilibrium is not met, a reduction in economic efficiency occurs.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of goods and services.

Tariff or Quota

A government-imposed restriction on the quantity of goods that can be imported (quota) or a tax levied on imported goods (tariff).

Domestic Consumers

People or family units in a nation who buy products and services for their own consumption.