A good contract will spell out ________, or unforeseeable acts of God beyond anyone's control, for which neither party is responsible.
A) Contingencies
B) Liabilities
C) Amendments
D) Alterations
E) Modifications
Question 2
Refer to Additional Case 4.1. Which of the following can most likely be inferred from Simon's attitude?
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) The needs of minority markets are difficult to assess.
B) The firm's previous attempts at affirmative action were costly.
C) The concept of the melting pot in American culture is no longer achievable.
D) The company make-up should reflect its market to gain a competitive advantage.
Negative feedback control of a regulated variable.
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