Defend this statement: Managing a diverse workforce is a major challenge.
What will be an ideal response?
A major challenge for managers everywhere is to recognize the ethical need and legal requirement to treat human resources fairly and equitably. Today, the age, gender, race, ethnicity, religion, sexual preference, and socioeconomic composition of the workforce presents new challenges for managers. To create a highly trained and motivated workforce, as well as to avoid lawsuits, managers must establish human resource management (HRM) procedures and practices that are legal and fair and do not discriminate against any organizational members. Today, most organizations understand that to motivate effectively and take advantage of the talents of a diverse workforce, they must make promotion opportunities available to every employee. Managers must recognize the performance-enhancing possibilities of a diverse workforce, such as the ability to take advantage of the skills and experiences of different kinds of people.
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Which of the following represents the correct sequence of the three business activities on the Statements of Cash Flows?
a. Financing - Operating - Investing b. Investing - Operating - Financing c. Operating - Investing - Financing d. Financing - Investing - Operating
Procter & Gamble makes Tide, Cheer, Ivory Snow, and Bold detergents as well as PertPlus, Rejoice, and Vidal Sassoon shampoos. Through its use of a separate and unique brand name for each of these products, Procter & Gamble is using a(n) ________ strategy.
A) umbrella brand B) family brand C) individual brand D) private-label brand E) cobranding
Diversity provides several challenges for decision making. Which of the following are differences in culture that can affect this process?
A) Importance of rationality B) Time orientation C) Believe on individual problem solving D) All of the above
Which of the following statements related to religious influences is incorrect?
a. The United States has never had an official state church. b. The best time to conduct business with the Muslims is during Ramadan. c. When conducting business with the people of Zaire, it may be a wise to change the sales and marketing techniques you would ordinarily use. d. When having a business meal with the Hindus, it is best to avoid serving beef.