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Which outcomes does employee diversity produce for a firm?
ALower wage costs and fewer benefits to administer
BBetter problem-solving and quicker adaptation to change
CLonger production runs and lower per-unit costs
DFewer suppliers and shorter delivery lead times
Answer & Solution
Correct answer: B. Better problem-solving and quicker adaptation to change
1. A diverse workforce brings together different backgrounds, experiences, and ways of seeing a problem.
2. That mix produces more effective problem-solving and quicker adaptation to change.
3. It also builds a stronger reputation for hiring women and minorities and yields more robust product solutions, because a diverse team generates more options.
4. Production runs and supplier counts are operations outcomes that the composition of the workforce does not determine.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 8 "Managing Human Resources and Labor Relations", section Employee Diversity and Competitive Advantage_
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