Question

In which of the following ways can a business benefit from increasing the diversity of its workforce?

a. It can lead to fewer instances of ethical violations within the company.
b. It can reduce costs related to training employees from different backgrounds.
c. It can improve the company's reputation in the business community.
d. It can increase the communication barriers among its employees.

Answer 1

Increasing diversity of a workforce can lead to fewer ethical violations, improve reputation, and reduce training costs.

Step-by-step explanation:

Increasing the diversity of a workforce can benefit a business in several ways:

1. It can lead to fewer instances of ethical violations within the company. When a company has a diverse workforce, it brings together individuals with different perspectives, backgrounds, and experiences, which can help identify and address potential ethical issues more effectively.
2. It can improve the company's reputation in the business community. Embracing diversity shows that a company values inclusivity and equal opportunities. This can attract a wider customer base, create positive brand perception, and enhance relationships with partners and stakeholders.
3. It can reduce costs related to training employees from different backgrounds. By having a diverse workforce, a company already has employees who can provide cultural insights and knowledge, reducing the need for extensive training when dealing with diverse customers or expanding into new markets.