Question 1

Which of the following best describes the tertiary sector of the economy?

Accepted Answer

It is the part of the economy that provides services rather than products.

Question 2

A country where the government owns several important industries, but most property remains in private hands and political freedom is widespread, is best described as practicing:

Accepted Answer

Democratic socialism

Question 3

Which of the following is a major criticism of multinational corporations according to the study materials?

Accepted Answer

They often mistreat workers and exploit natural resources in low-income nations.

Question 4

According to Karl Marx, what is a major problem for workers in industrial societies?

Accepted Answer

Job alienation

Question 5

Which of the following is an example of 'capital flight'?

Accepted Answer

A U.S. company moving its manufacturing plant to Vietnam to reduce costs.

Question 6

What is the main difference between 'pilferage' and 'embezzlement' as forms of employee theft?

Accepted Answer

Pilferage is theft of goods, while embezzlement is theft of money.

Question 7

Which of the following best illustrates the concept of 'division of labor'?

Accepted Answer

Different workers specialize in specific tasks on an assembly line.

Question 8

Which of the following is NOT a typical advantage of capitalism as described in the study materials?

Accepted Answer

Greater economic equality

Question 9

What is the 'military-industrial complex'?

Accepted Answer

The close relationships among military leaders, government officials, and defense contractors.

Question 10

Which of the following best explains why unemployment rates for people of color are higher than for non-Latinx whites, according to the study materials?

Accepted Answer

Structural inequalities and discrimination in the labor market.

Question 11

A company that has its headquarters in the United States but operates factories in several other countries is best described as a:

Accepted Answer

Multinational corporation

Question 12

Which of the following is a likely consequence of 'outsourcing' for American workers?

Accepted Answer

Loss of jobs in customer care and billing services.

Question 13

Which of the following is a key feature of postindustrial societies?

Accepted Answer

Dominance of the tertiary sector and increased globalization

Question 14

According to the study materials, what is a major drawback of capitalism?

Accepted Answer

It leads to greater economic inequality.

Question 15

Which of the following best describes 'underemployment'?

Accepted Answer

People working part time who want full-time work and those who have stopped looking for work.

Question 16

Which of the following is a common reason for employee theft, according to the study materials?

Accepted Answer

Worker dissatisfaction with aspects of their job

Question 17

Which of the following is NOT a typical form of workplace homicide?

Accepted Answer

Homicide by random strangers unrelated to the workplace

Question 18

Which of the following best describes the impact of the 2020 pandemic on low-wage workers?

Accepted Answer

They were more likely to be laid off or exposed to the coronavirus due to their jobs.

Question 19

Which of the following is a likely effect of the dominance of a few large corporations in a market?

Accepted Answer

Reduced number of products and competitors, and higher prices for the public

Question 20

According to critics, what is a major problem with the size of the U.S. military budget?

Accepted Answer

The funds could be better spent on domestic needs.

Work and the Economy: Sociological Perspectives and Contemporary Issues

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