Ch 2: Contemporary socio-economic issues
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Questions and Answers

What is the main cause of inequality according to the text?

  • Lack of access to quality education
  • Lack of access to adequate housing
  • Disparities in opportunities and treatment based on social status (correct)
  • Lack of employment opportunities

What is the definition of poverty according to the text?

  • The unequal distribution of wealth
  • The lack of access to employment opportunities
  • The lack of access to quality education
  • The deprivation of essential needs and services (correct)

How does poverty impact economic participation?

  • By reducing the need for security measures
  • By increasing consumer markets and business opportunities
  • By increasing access to quality education
  • By restricting full participation in the economy (correct)

What is cyclical poverty?

<p>Poverty that ensures its perpetuation across generations (D)</p> Signup and view all the answers

How does poverty and inequality affect businesses?

<p>By increasing the need for security measures (A)</p> Signup and view all the answers

What is the definition of inclusivity in a business context?

<p>Ensuring equal opportunities for all (B)</p> Signup and view all the answers

What are the aims of inclusivity in a business context?

<p>Reducing inequality and fostering a more skilled workforce (C)</p> Signup and view all the answers

How does inclusivity benefit businesses?

<p>By harnessing a wide range of skills and perspectives (D)</p> Signup and view all the answers

What is the relationship between poverty and crime according to the text?

<p>Poverty and inequality increase crime rates (A)</p> Signup and view all the answers

What is the impact of poverty on the economy according to the text?

<p>Poverty restricts full participation in the economy (B)</p> Signup and view all the answers

What is the main goal of the Employment Equity Act?

<p>To encourage businesses to have a workforce that reflects society's demographic makeup (A)</p> Signup and view all the answers

Which of the following is NOT an impact of unemployment?

<p>Economic growth (D)</p> Signup and view all the answers

What is the primary business impact of HIV and AIDS?

<p>Reduced labor productivity (C)</p> Signup and view all the answers

Which of the following is NOT a definition related to piracy, counterfeiting, and bootlegging?

<p>The authorized use of another's work (D)</p> Signup and view all the answers

What is the main impact of illegal gambling on the economy?

<p>Provides funding for organized crime (A)</p> Signup and view all the answers

Which of the following is NOT a characteristic of pyramid schemes?

<p>Benefits newer recruits more than those at the top (D)</p> Signup and view all the answers

What is the impact of workplace violence on businesses?

<p>Increased financial and human resource losses (D)</p> Signup and view all the answers

Which of the following is NOT a form of industrial action?

<p>Collective bargaining (A)</p> Signup and view all the answers

What is the primary impact of HIV and AIDS on businesses?

<p>All of the above (D)</p> Signup and view all the answers

What is the main goal of employment equity?

<p>To reflect the demographic makeup of society in the workforce (A)</p> Signup and view all the answers

What is the impact of piracy and counterfeiting on consumer protection?

<p>Ensures market integrity (D)</p> Signup and view all the answers

What is the primary reason why intellectual property theft discourages investment in new product development?

<p>Leads to potential revenue loss (C)</p> Signup and view all the answers

How does illegal gambling contribute to social issues and the economy?

<p>Funds organized crime (C)</p> Signup and view all the answers

What characterizes workplace violence in a business context?

<p>Results in financial losses for businesses (B)</p> Signup and view all the answers

How do strikes and labor disputes impact the reputation of a company?

<p>Significantly disrupt production (A)</p> Signup and view all the answers

What distinguishes bootlegging from counterfeiting in a business context?

<p>Primarily illegal sale of recording media (C)</p> Signup and view all the answers

Why does pyramid schemes pose risks to newer recruits who join them?

<p>Primarily benefit those at the top (D)</p> Signup and view all the answers

How does unemployment contribute to economic strain?

<p>Reduces living standards (D)</p> Signup and view all the answers

What is the primary impact of HIV and AIDS on labor productivity?

<p>Reduces labor productivity (D)</p> Signup and view all the answers

How do money laundering activities impact economic stability?

<p>Undermine economic stability (C)</p> Signup and view all the answers

What is the primary reason why poverty restricts full participation in the economy?

<p>As a result of diminished consumer markets and business opportunities (A)</p> Signup and view all the answers

Which of the following is NOT an aim of inclusivity in a business context?

<p>Minimizing diversity to focus on a specific set of skills (D)</p> Signup and view all the answers

What is the main cause of cyclical poverty?

<p>Lack of access to quality education and employment opportunities (C)</p> Signup and view all the answers

What is the primary impact of inequality and poverty on businesses?

<p>Diminished consumer markets and business opportunities (C)</p> Signup and view all the answers

Which of the following is NOT a disadvantage of poverty and inequality?

<p>Decreased crime rates (A)</p> Signup and view all the answers

What is the relationship between poverty and crime according to the text?

<p>Poverty and inequality lead to increased crime rates (A)</p> Signup and view all the answers

What is the impact of cyclical poverty on the economy?

<p>Reinforcing societal divides (D)</p> Signup and view all the answers

What is the primary impact of unemployment on living standards?

<p>It reduces living standards due to lack of income. (D)</p> Signup and view all the answers

Which of the following is NOT a form of industrial action mentioned in the text?

<p>Boycotts (D)</p> Signup and view all the answers

What is the main impact of counterfeiting on market integrity?

<p>It undermines market integrity by allowing substandard products. (D)</p> Signup and view all the answers

What is the primary impact of HIV and AIDS on labor productivity?

<p>It decreases labor productivity by affecting the most economically active populations. (D)</p> Signup and view all the answers

Which of the following is NOT a consequence of workplace violence for businesses?

<p>Increased productivity (A)</p> Signup and view all the answers

What is the main goal of the Employment Equity Act?

<p>To reflect society's demographic makeup in the workforce (D)</p> Signup and view all the answers

Which of the following is NOT a characteristic of pyramid schemes?

<p>They benefit all participants equally (C)</p> Signup and view all the answers

What is the main impact of bootlegging on the economy?

<p>It contributes to the funding of organized crime (A)</p> Signup and view all the answers

How does cyclical poverty perpetuate societal divides according to the text?

<p>By reinforcing the lack of access to quality education and employment opportunities (B)</p> Signup and view all the answers

Which of the following is a potential benefit of embracing inclusivity in a business context?

<p>Fostering a more skilled and equitable workforce (B)</p> Signup and view all the answers

What is the primary impact of poverty on businesses according to the text?

<p>Diminishing consumer markets and business opportunities (D)</p> Signup and view all the answers

Which of the following is NOT a potential consequence of workplace violence for businesses?

<p>Increased employee loyalty and job satisfaction (D)</p> Signup and view all the answers

Which of the following is the main goal of the Employment Equity Act?

<p>Reducing income inequality and fostering a more skilled workforce (B)</p> Signup and view all the answers

What is the relationship between poverty and crime according to the text?

<p>Poverty and inequality often lead to increased crime rates, necessitating higher spending on security measures by businesses (B)</p> Signup and view all the answers

What is the primary impact of HIV and AIDS on labor productivity according to the text?

<p>Decreasing the availability of skilled labor and increasing hiring costs (A)</p> Signup and view all the answers

Which of the following is NOT a form of industrial action mentioned in the text?

<p>Boycotts (D)</p> Signup and view all the answers

What is the main impact of counterfeiting on market integrity according to the text?

<p>Undermining consumer confidence and trust in brands (B)</p> Signup and view all the answers

Which of the following is NOT a characteristic of pyramid schemes?

<p>Focusing on selling legitimate products or services (C)</p> Signup and view all the answers

Which of the following is an indirect impact of illegal gambling on the economy?

<p>Contributing to social issues such as crime and poverty. (A)</p> Signup and view all the answers

What is the main difference between lock-outs and go-slows in the context of industrial action?

<p>Lock-outs are employer-imposed work stoppages, while go-slows are deliberate slowdowns by employees. (A)</p> Signup and view all the answers

What is the primary reason why intellectual property theft discourages investment in new product development?

<p>It deters investment due to potential revenue loss. (A)</p> Signup and view all the answers

Which of the following is NOT a consequence of workplace violence for businesses?

<p>Improved employee morale. (D)</p> Signup and view all the answers

What is the main impact of HIV and AIDS on businesses?

<p>It reduces labor productivity. (B)</p> Signup and view all the answers

What is the primary impact of cyclical poverty on the economy?

<p>It restricts full participation in the economy. (D)</p> Signup and view all the answers

What distinguishes bootlegging from counterfeiting in a business context?

<p>Bootlegging refers to the illegal production and sale of alcoholic drinks or recording media, while counterfeiting involves producing imitation products. (A)</p> Signup and view all the answers

What is the main cause of inequality according to the text?

<p>Limited access to education and resources. (D)</p> Signup and view all the answers

How do strikes and labor disputes impact the reputation of a company?

<p>By causing significant disruption to production and potentially damaging the company's reputation. (C)</p> Signup and view all the answers

Which of the following is NOT a characteristic of pyramid schemes?

<p>They contribute to economic stability. (C)</p> Signup and view all the answers

How does poverty restrict full participation in the economy?

<p>By diminishing consumer markets and business opportunities (A)</p> Signup and view all the answers

What perpetuates poverty across generations?

<p>Access to quality education and employment opportunities (D)</p> Signup and view all the answers

Which factor often results from poverty and inequality, leading to increased business operational costs?

<p>Increased crime rates (D)</p> Signup and view all the answers

What is the aim of embracing diversity in a business context?

<p>To foster a skilled and equitable workforce (C)</p> Signup and view all the answers

How does inclusivity in a business context impact social issues?

<p>It reduces vulnerability and marginalization (D)</p> Signup and view all the answers

What contributes to the perpetuation of poverty across generations?

<p>Access to quality education and employment opportunities (B)</p> Signup and view all the answers

In a business context, why does poverty lead to higher security costs for businesses?

<p>Increased crime rates that necessitate higher security spending (C)</p> Signup and view all the answers

Why is inclusivity essential for fostering a skilled and equitable workforce in business?

<p>To harness a wide range of skills and perspectives (B)</p> Signup and view all the answers

What is the primary impact of poverty on consumer markets and business opportunities?

<p>Reduction in consumer markets and business opportunities (D)</p> Signup and view all the answers

How does poverty impact economic participation in the business environment?

<p>By restricting full participation in the economy (C)</p> Signup and view all the answers

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