Contrast managing diversity with affirmative action, and provide examples of each.
What will be an ideal response?
Student answers and examples will vary but should show an understanding of the concepts of affirmative action and managing diversity, as well as the distinctions between the two. Whereas affirmative action is a term for special efforts to recruit and hire qualified members of groups that were discriminated against in the past, managing diversity means moving beyond legislated mandates to embrace a proactive business philosophy that values differences positively. All employees are different, adding in many ways to the richness of talents and perspectives that organizations can draw upon. Thus managing diversity is not just about getting more minorities and women into the organization. Managing diversity requires managers to recognize and value the uniqueness of each employee and to see the variety of differences as a potential source of competitive advantage. It is about coming together to benefit the whole, leading many companies to refer now not just to diversity but also inclusion as their objectives.
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The combined storage of both data and the procedures that manipulate the data within an object is referred to as _____.
A. compression B. packaging C. encapsulation D. zipping
Delicious Snacks, Inc. is considering adding a new line of candies to its current product line. The company already paid $300,000 for a marketing research study that provided evidence about the demand for this product at this time. The new line will require an additional investment of $70,000 in raw materials to produce the candies. The project’s life is 7 years and the firm estimates sales of 1,500,000 packages at a price of $1 per unit the first year; but this volume is expected to grow at 17% for the next two years, 12% for the following two years, and finally at 7% for the last two years of the project. The price per unit is expected to grow at the historical average rate of inflation of 3%. The variable costs will be 70% of sales and the fixed costs will be $500,000.
1. The equipment required to produce the candies will cost $900,000, and will require an additional $30,000 to have it delivered and installed. This equipment has an expected useful life of 7 years and will be depreciated using the MACRS 5-year class life. After 7 years, the equipment can be sold at a price of $200,000. The cost of capital is 9% and the firm’s marginal tax rate is 35%. a) Calculate the initial investment, annual after-tax cash flows for each year, and the terminal cash flow. b) Determine the payback period, discounted payback period, NPV, PI, IRR, and MIRR of the new line of candies. Should the firm accept or reject the project? c) The firm is considering three scenarios for the new line of cookies and bars. Under the best, base, and worst case scenario the firm will sell 1,200,000, 1,500,000, and 1,700,000 packages the first year with the same expected growth rates in units and price described in the problem. Re-examine the decision criteria in part (a) under each of these scenarios.
Effective diversity management should encompass which four principles:
a. Vision, integrity, drive and appreciation b. Ethics, fairness, manners and creativity c. Vision, ethics, respect and creativity d. Creativity, humor, goal orientation and respect
Explain the differences between internal and external proposals, as well as solicited and unsolicited proposals