16.1 Culture in Business

Which of the following is NOT a benefit enjoyed by companies that value diversity?

• increased turnover rates

• increased productivity and efficiency

• decreased absenteeism

• decreased legal costs

Who in the company is responsible for managing diversity?

• human resource managers

• operational managers

• chief executive officers

• the employees

The way of life of a group of people is............

• tradition

• custom

• culture

• holiday

Something that people do the same way year after year is a...............

• Tradition

• Custom

• Promise

• Diversity

A company’s shared values, beliefs, and goals is known as......................

• Corporate Culture

• Culture

• Diversity

• Stereotype

Formal culture is less strict in its corporate culture than informal culture.

• True

• False

AS companies trade world wide, they must be aware of different cultures and business practices.

• True

• False

Many companies avoid cultural problems by hiring local managers in other countries.

• True

• False

_____________________ is a variety of employees with different backgrounds and identities.

• Stereotype

• Hierarchy

• Bureaucracy

• Diversity

Some of the things that people are diverse in are:

• Age, gender

• Ethnicity, education

• Marital status, income and religious beliefs.

• All of the above.