Liquidation value is a determination of the net cash that could be obtained through disposing of assets via a quick sale, with liabilities either paid off or negotiated away.
Indicate whether the statement is true or false
Question 2
Refer to Additional Case 4.1. Martinez's approach to diversity management:
Additional Case 4.1
As the Director of HR, David is leading a management discussion to plan and implement a diversity management program. David is concerned that management, while tolerant, tends to stereotype minorities and this will eventually lead to difficulties for the firm. The company's top three markets are in Los Angeles, Chicago, and Miami. All three markets are heavily Latino in make-up. The senior management team is all male. The youngest member is 58 years of age.
Martinez, the VP of Operations, feels that people should blend together and that focusing on differences merely creates divisions. He thinks that you should have a common training program to create a unified American company culture. Patrick, VP of Finance, doesn't see the need for a program. He respects that people are different, but he feels that once you get to know a Hispanic, African-American, or Asian-American, you know how to work with any Hispanic, African-American, or Asian-American. Moreover, Patrick doesn't believe the company should get into affirmative action programs. The firm tried it ten years ago, and it created many problems.
Simon, the CEO, thinks a diversity management program is important. He believes the company is missing some important talent without such a program. Simon feels that the company can create a competitive advantage by being in the lead on this issue and also believes the changing workforce is going to require adjustments in the future.
A) is most likely based on a perspective that people can control the factors that make them diverse.
B) assumes that the company does not need to worry about diversity because demographic trends are moving away from it.
C) expresses the belief that the key to understanding diversity is understanding each individual's group membership.
D) reflects the growing competition for opportunities among minority groups.
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