An organization that has very little diversity or inclusiveness is a ________ organization.
A) monolithic
B) multicultural
C) heterogeneous
D) pluralistic
E) racist
A) monolithic
Explanation: Some organizations are monolithic, having very little diversity or inclusiveness. For example, a firm might favor hiring alumni of the same school.
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The business reporting process comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems
Indicate whether the statement is true or false
Credit approval policies are implemented by organizations primarily to accomplish which of the following objectives?
a. To determine revenue recognition policies. b. To ensure customer satisfaction. c. To prevent lapping by the accounts receivable department. d. To ensure the realization of receivables.
Bill is considering investing $450 at the end of every month in a fixed income instrument. He will receive $27,000 at the end of four years. If interest is compounded monthly, what is the effective annual rate of return earned on the investment?
A. 11.6% B. 22.3% C. 15.1% D. 11.1% E. 13.6%
An employee whose wife suffered from breast cancer was terminated after a change of ownership of the company. He asked whether their health insurance would continue, and was told verbally that it would. Nine months later when his wife sought treatment, she was advised the policy had been terminated. He and his wife sued for a violation of COBRA. The court should rule:
a. for the employer, since it was a new owner, and not the employer of the employee. b. for the employer, since the employee never requested in writing that their insurance be continued c. for the employee, since he was not given notice of his COBRA rights in writing d. for the employee's wife, because she was also an insured, but was given no notice of her COBRA rights