What types of inequality or differences among individuals are not addressed by civil rights legislation (e.g., laws barring discrimination in employment because of gender, religion, color, race, national origin, or advanced age) and probably never will be subject to legislation?
Differences or inequalities that affect employment and compensation, but are not addressed by civil rights legislation, include differences that are both natural and acquired to some extent, such as personality, health, energy, vitality, intelligence, wisdom, common sense, creativity, knowledge,
know-how, skills, ambition, vision (both physical or mental, or in the nature of foresight), and courage. In all societies inequalities exist in income, wealth, and status because of inherited or acquired wealth and position, as well as differences in education, interests, hopes, and aspirations.
Geographical location causes great inequalities among the peoples of the world and within the various countries of the world. Individual status is also affected by differences in climate, natural resources and occupations result in great differences in culture, science, and technology.
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Table 6.2 in the text provides a comparative evaluation of survey methods. Which two methods were shown as high on the flexibility of data collection criteria?
A) in-home interviews; computer assisted telephone interviews (CATI) B) in-home interviews; mall intercept interviews C) Internet; mall intercept interviews D) computer assisted telephone interviews (CATI); mall intercept interviews
How would multiple optimal solutions typically appear on a graphical solution?
A) a point B) a line C) a plane D) a cube
Insurance protects a business from:
a. tort liability. b. strict liability. c. negligence. d. damage from natural causes. e. All of these are protected.
Morrisey Company has two investment opportunities. Both investments cost $6800 and will provide the same total future cash inflows. The cash receipt schedule for each investment is given below: Investment I Investment IIPeriod 1 $1900? $1900? Period 2 1900? 3080? Period 3 2900? 4260? Period 4 5440? 2900? Total $12,140? $12,140? What is the net present value of Investment II assuming an 12% minimum rate of return? Use Appendix Table 1. (Do not round intermediate calculations. Round your answer to nearest whole dollar.)
A. $2227 B. $12,140 C. $9027 D. $(8732)