Final Lectures on Management
45 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What characterized the economic shifts in Pittsburgh during the rise of global cities?

  • A need for highly skilled workers with specialized expert knowledge (correct)
  • An increase in manufacturing jobs due to globalization
  • A focus on farming and agriculture
  • A decline in service sector employment

    • How did the rise of global cities impact the service sector in the 1980s?

  • It diminished the role of face-to-face interactions in business.
  • It facilitated the growth of advanced services like law and finance. (correct)
  • It resulted in the outsourcing of high-skilled jobs to other countries.
  • It led to a decline in the importance of advanced services.

    • What was a major consequence of globalization for global cities like New York and London?

  • They started to rely on local production for economic growth.
  • They became more affected by the global economy and by one another. (correct)
  • They became less interconnected with each other.
  • They began to focus solely on their national economies.

    • Regarding urban population changes, which statement is true for the 1980s?

    <p>There was a substantial increase in low-wage workers to support urban infrastructure.</p> Signup and view all the answers

    What role did advanced services play in the economies of global cities during the 1980s?

    <p>They became essential in catering to multinational corporations.</p> Signup and view all the answers

    What was one significant effect of deindustrialization in the economy?

    <p>Expansion of urban service demands</p> Signup and view all the answers

    How did Pittsburgh's economy shift during the transition from steel to healthcare?

    <p>Health care became a dominant part of the economy</p> Signup and view all the answers

    Which factor contributed to the growth of the healthcare sector in urban settings?

    <p>Growing urban populations and service demands</p> Signup and view all the answers

    What did the industrial revolution bring to the service sector?

    <p>A surge in associated services like banking and insurance</p> Signup and view all the answers

    In which era did the demand for education and entertainment services begin to significantly grow?

    <p>The 1950s</p> Signup and view all the answers

    What role did artisans play in pre-industrial economies?

    <p>They produced goods from start to finish while providing some services.</p> Signup and view all the answers

    What technological advancements changed trade dynamics in the context of services?

    <p>The invention of telecommunication technologies</p> Signup and view all the answers

    Which statement about the importance of the service sector in developing countries is accurate?

    <p>The view of services as unimportant is outdated.</p> Signup and view all the answers

    What is often excluded from the definition of the service economy?

    <p>Tangibles goods</p> Signup and view all the answers

    Which sector has grown significantly in relation to others over the past 30 years?

    <p>Services</p> Signup and view all the answers

    By 1987, what percentage of the Canadian workforce was employed in agriculture?

    <p>4%</p> Signup and view all the answers

    What shift occurred in the Canadian workforce by 1987 in terms of employment sectors?

    <p>Employment in the service sector doubled compared to goods production</p> Signup and view all the answers

    What does GDP composition by sector represent?

    <p>The percentage contribution of each sector to the economy</p> Signup and view all the answers

    Which of the following best describes deindustrialization?

    <p>The decline of industrial jobs in favor of service jobs</p> Signup and view all the answers

    How has the service sector's share of global GDP changed in recent decades?

    <p>It has grown to over two-thirds</p> Signup and view all the answers

    What demographic trend has accompanied the growth of the service sector?

    <p>An increase in urban population seeking service jobs</p> Signup and view all the answers

    What is an important characteristic of the clothes offered by the service described?

    <p>They are sourced sustainably.</p> Signup and view all the answers

    Which of the following practices contributes to reducing pollution in the service sector?

    <p>Implementing renewable energy sources.</p> Signup and view all the answers

    How does waste management in the cruise industry typically impact the environment?

    <p>It often leads to increased waste disposal in oceans.</p> Signup and view all the answers

    Which sector is a significant contributor to greenhouse gas emissions?

    <p>Transportation and logistics services.</p> Signup and view all the answers

    What sustainable practice is encouraged in the service sector?

    <p>Implementing circular economy principles.</p> Signup and view all the answers

    In terms of sustainable practices, how does using organic materials impact the service sector?

    <p>It supports eco-friendly production methods.</p> Signup and view all the answers

    What is a common negative effect of tourism on the environment?

    <p>Depletion of natural resources.</p> Signup and view all the answers

    Which of the following is a likely result of poor waste management in services?

    <p>Decreased biodiversity.</p> Signup and view all the answers

    What is a significant environmental impact of the tourism industry?

    <p>It leads to the degradation of local natural resources.</p> Signup and view all the answers

    What percentage of global greenhouse gas emissions is attributed to transportation?

    <p>14 percent or more</p> Signup and view all the answers

    How much human sewage can a large cruise ship generate in one week?

    <p>200,000 gallons</p> Signup and view all the answers

    What type of waste do cruise ships often burn at sea?

    <p>Hazardous wastes including oil and sewage sludge</p> Signup and view all the answers

    What is a major contributor to the pollution associated with the cruise industry?

    <p>Direct dumping of waste into oceans</p> Signup and view all the answers

    What is one way the service sector can contribute to sustainability?

    <p>By reducing waste through innovative practices</p> Signup and view all the answers

    How many large cruise ships are estimated to operate globally?

    <p>220 or more</p> Signup and view all the answers

    What is the source of greywater that cruise ships generate?

    <p>Water used in sinks, baths, and showers</p> Signup and view all the answers

    What is a significant environmental concern associated with the transportation aspect of the service sector?

    <p>Air pollution</p> Signup and view all the answers

    Which of the following activities in the service sector is likely to contribute most to greenhouse gas emissions?

    <p>Air travel</p> Signup and view all the answers

    What sustainable practice could significantly reduce waste in the cruise industry?

    <p>Implementing recycling programs</p> Signup and view all the answers

    How can the service sector reduce its overall pollution impact?

    <p>Adopting eco-friendly practices and technologies</p> Signup and view all the answers

    What is one major impact of tourism-related services on the environment?

    <p>Urban sprawl</p> Signup and view all the answers

    Which strategy is most effective for decreasing greenhouse gas emissions in the restaurant industry?

    <p>Using locally sourced ingredients</p> Signup and view all the answers

    What is a major environmental challenge faced by the service sector related to waste management?

    <p>Disposal of single-use items</p> Signup and view all the answers

    Which of the following is an effective way for the service sector to adopt sustainable practices?

    <p>Utilizing renewable energy sources</p> Signup and view all the answers

    Study Notes

    Final Lectures on Management

    • Service Economy: The service economy encompasses diverse sectors like education, healthcare, tourism, finance, and various consulting services. It's characterized by intangible products or experiences, in contrast to tangible goods and raw materials.

    • GDP Composition by Sector: Analysis of how much of a country's economy is attributable to different sectors (agriculture, industry, services). This reveals sector proportions and growth trends.

    • Service Sector Growth: The service sector has significantly expanded globally, particularly over the last 30 years, eclipsing agriculture and industry in terms of economic contributions.

    • Canadian Economic Shift: Canada experienced a substantial shift towards a service-based economy from agriculture. In 1867, half the workforce was in agriculture, but by 1987, this dropped below 4%.

    • Importance of Service Sector for Developing Countries: The importance of the service sector for developing economies is now widely acknowledged in contrast to previous focus on goods-producing industries.

    • Technology's Impact on Trade and Services: Easier communication and trade of services compared to goods, due to advancements like telegraphs, telephones, and the internet. This facilitated the economic prominence of the service sector.

    • Detroit's Decline: Detroit's decline as a manufacturing hub is a notable example of the impact of deindustrialization and the rise of services. The auto industry's dominance was challenged, moving towards healthcare as a more significant employment sector.

    • Pittsburgh's Transition: Similar to Detroit, Pittsburgh experienced a decline in steel production and shift towards the healthcare industry, emphasizing the transition towards services.

    • Global Cities (NY, London, Tokyo): In the 1980s, New York, London, and Tokyo emerged as influential global hubs for advanced services. Their centrality stemmed from communication advancements facilitating business and financial activities.

    • Impact of Globalization: The globalization of economies had a noticeable impact on global cities allowing for increased interaction between executives, lawyers, etc.

    • Service Sector Characteristics: Emphasis on the variations in the compensation of various service sector workers.

    • Pre-Industrial Service Economy: Service sectors, such as health care, education, and trade, were present even in pre-industrial economies, although often concentrated in cities.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    Week 12, Part One-transcript Management 1035
    Service Sector PDF

    Description

    Explore the dynamics of the service economy and its significant impact on global growth trends. This quiz covers GDP composition by sector and the shift towards service-based economies, particularly in Canada. Understand the importance of the service sector for developing countries.

    More Like This

    The Service Economy Quiz
    10 questions

    The Service Economy Quiz

    ReasonedLight avatar
    ReasonedLight
    Canadian Financial Services Industry Overview
    100 questions

    Canadian Financial Services Industry Overview

    BoundlessMeter avatar
    BoundlessMeter
    Overview of Service Economy and Deindustrialization
    30 questions

    Overview of Service Economy and Deindustrialization

    StunningPythagoras4121 avatar
    StunningPythagoras4121
    Deindustrialization and Service Economy Overview
    28 questions

    Deindustrialization and Service Economy Overview

    AstonishedFantasy5475 avatar
    AstonishedFantasy5475
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser