LSUS MBA 704 LATEST UPDATED ACTUAL
QUESTIONS AND ANSWERS SURE A+
✔✔Triple bottom line - ✔✔suggests that beyond economic viability, businesses need to
perform well socially and environmentally
✔✔Sustainable business practices - ✔✔those that meet the present needs without
compromising the needs of future generations
✔✔Aging workforce - ✔✔- can create great opportunities for industries such as health
care, but it can also form great challenges ahead
- projected 76 million baby boomers will retire in next 30 years, with 46 million Gen X
and Y entering work
✔✔Gig economy - ✔✔consists of temporary, flexible jobs where organizations hire
independent contractors instead of, or in addition to full time employees
✔✔Outsourcing - ✔✔- refers to having someone outside the formal ongoing
organization doing work previously handled in-house
- become a way of life for organizations
✔✔Offshoring - ✔✔means sending jobs previously done in one country to another
country
, ✔✔Nowhere is there more outsourcing and offshoring than what industry? - ✔✔software
technology industry
✔✔Diversity - ✔✔refers to compositional differences among people in a work unit -
gender, race, age, education, tenure, or functional background
✔✔Age Discrimination of 1975 and Title VII of Civil Rights Act of 1964 are based on: -
✔✔age, gender, race, national origin, religion
✔✔Benefits of diversity and inclusion - ✔✔-higher creativity in decision making
-better understanding and service of customers
- higher job satisfaction
-higher stock prices
-lower litigation expenses
-higher company performance
✔✔Inclusive organizations ensure that: - ✔✔- all individuals are allowed to participate in
the organization fully and are heard
- efforts are made to remove barrier to fair treat of everyone
✔✔When examined with inclusion... - ✔✔there are many benefits of diversity
✔✔Similarity-attraction phenomenon - ✔✔the tendency to be more attracted to
individuals who are similar to us
✔✔Faultline - ✔✔an attribute along which a group is split into subgroups
✔✔Stereotypes - ✔✔are generalizations about a particular group of people
✔✔Unconscious biases - ✔✔are stereotypes held outside of conscious awareness
✔✔Ways to prevent stereotypes - ✔✔- holding blind auditions or interviews
- removing personal data such as race, religion, and age
- making structural changes impacting employment decisions
✔✔Earning gaps - ✔✔Difference between average wage of women and of men,
especially as seen when they do the same job
✔✔Glass ceiling - ✔✔- The situation that some qualified employees are prevented from
advancing to higher level positions due to factors such as discrimination. Glass ceiling is
often encountered by women and minorities.
- Men are 4 ties more likely than women to reach the highest levels of organizations
QUESTIONS AND ANSWERS SURE A+
✔✔Triple bottom line - ✔✔suggests that beyond economic viability, businesses need to
perform well socially and environmentally
✔✔Sustainable business practices - ✔✔those that meet the present needs without
compromising the needs of future generations
✔✔Aging workforce - ✔✔- can create great opportunities for industries such as health
care, but it can also form great challenges ahead
- projected 76 million baby boomers will retire in next 30 years, with 46 million Gen X
and Y entering work
✔✔Gig economy - ✔✔consists of temporary, flexible jobs where organizations hire
independent contractors instead of, or in addition to full time employees
✔✔Outsourcing - ✔✔- refers to having someone outside the formal ongoing
organization doing work previously handled in-house
- become a way of life for organizations
✔✔Offshoring - ✔✔means sending jobs previously done in one country to another
country
, ✔✔Nowhere is there more outsourcing and offshoring than what industry? - ✔✔software
technology industry
✔✔Diversity - ✔✔refers to compositional differences among people in a work unit -
gender, race, age, education, tenure, or functional background
✔✔Age Discrimination of 1975 and Title VII of Civil Rights Act of 1964 are based on: -
✔✔age, gender, race, national origin, religion
✔✔Benefits of diversity and inclusion - ✔✔-higher creativity in decision making
-better understanding and service of customers
- higher job satisfaction
-higher stock prices
-lower litigation expenses
-higher company performance
✔✔Inclusive organizations ensure that: - ✔✔- all individuals are allowed to participate in
the organization fully and are heard
- efforts are made to remove barrier to fair treat of everyone
✔✔When examined with inclusion... - ✔✔there are many benefits of diversity
✔✔Similarity-attraction phenomenon - ✔✔the tendency to be more attracted to
individuals who are similar to us
✔✔Faultline - ✔✔an attribute along which a group is split into subgroups
✔✔Stereotypes - ✔✔are generalizations about a particular group of people
✔✔Unconscious biases - ✔✔are stereotypes held outside of conscious awareness
✔✔Ways to prevent stereotypes - ✔✔- holding blind auditions or interviews
- removing personal data such as race, religion, and age
- making structural changes impacting employment decisions
✔✔Earning gaps - ✔✔Difference between average wage of women and of men,
especially as seen when they do the same job
✔✔Glass ceiling - ✔✔- The situation that some qualified employees are prevented from
advancing to higher level positions due to factors such as discrimination. Glass ceiling is
often encountered by women and minorities.
- Men are 4 ties more likely than women to reach the highest levels of organizations
