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</p> Signup and view all the answers

    How does poverty and inequality affect businesses?

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

    What is the definition of inclusivity in a business context?

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

    How does inclusivity benefit businesses?

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

    Which of the following is NOT an impact of unemployment?

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

    What is the primary business impact of HIV and AIDS?

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

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

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

    What is the impact of workplace violence on businesses?

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

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

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

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

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

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

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

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

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

    What characterizes workplace violence in a business context?

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

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

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

    What distinguishes bootlegging from counterfeiting in a business context?

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

    How does unemployment contribute to economic strain?

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

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

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

    How do money laundering activities impact economic stability?

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

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

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

    What is the impact of cyclical poverty on the economy?

    <p>Reinforcing societal divides</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.</p> Signup and view all the answers

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

    <p>Boycotts</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.</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.</p> Signup and view all the answers

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

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

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

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

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

    <p>Boycotts</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</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</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.</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.</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.</p> Signup and view all the answers

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

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

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

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

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

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

    How does poverty restrict full participation in the economy?

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

    What perpetuates poverty across generations?

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

    How does inclusivity in a business context impact social issues?

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

    What contributes to the perpetuation of poverty across generations?

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

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