What are some of the practices that companies which are committed to making diversity a competitive advantage do?
What will be an ideal response?
Companies that are committed to making diversity a competitive advantage do many things to gain a competitive advantage. Some of the points are listed below.
1. Hiring only those search firms with a solid track record for providing diverse slates of candidates for positions at all levels
2. Forging links with colleges and universities with significant numbers of minority students, and bring real jobs to the recruiting table
3. Starting formal mentoring and succession programs to ensure that minorities are in the leadership pipeline
4. Including progress on diversity issues in management performance reviews and compensation
5. Setting specific goals in critical areas, such as the percentages of minorities and women hired, promoted, and in the overall workforce
6. Setting goals for the amount of business conducted with outside vendors owned by minorities and women
7. Providing all employees with confidential outlets to air and settle grievances, for example, telephone and e-mail hot lines
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Which of the following kinds of marketing orientation is a domestic company most likely to have?
A) polycentric B) ethnocentric C) regiocentric D) geocentric
A firm that is plagued with overcapacity, intense competition, or changing wants would do better if it pursues ________ as its major objective
A) market skimming B) product-quality leadership C) survival D) profit maximization E) market penetration
Gain contingencies should
A) be accrued if they are probable and can be reasonably estimated. B) not be accrued in the accounts. C) be accrued only if they are the result of litigation or government appropriation. D) never be accrued or disclosed in the footnotes.
Which of the following are management responsibilities under the Sarbanes-Oxley Act of 2002?
a. Certify the accuracy of financial statements. b. Establish a corporate code of conduct. c. Designing internal controls. d. All of the above.