Treating Minority Members Unfairly and Denying Them the Full Benefits

question 101

Multiple Choice

Treating minority members unfairly and denying them the full benefits of organizational membership is called ___.

• A) prejudice
• B) discrimination
• C) the glass-ceiling effect
• D) stereotyping
• E) bias

Relate personality traits to the likelihood of escalation of commitment.

Recognize the treatment and impact of sunk costs in decision making.

Identify examples of cognitive biases in post-decision evaluations.

Understand the concept of perceptual organization and how it influences the perception of elements as part of a whole.

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Definitions:

Stock Price

The cost of purchasing a share of a company's stock, reflecting the market's valuation of the company.

Hedging

A financial strategy used to reduce or eliminate the risk of price fluctuations for commodities, currencies, or securities.

Futures Contracts

Standard legal contracts for purchasing or selling a certain commodity or financial instrument at an agreed upon price at a future date.

Financial Risk

The possibility of losing money on an investment or business venture due to factors like market volatility or borrower default.