28, an emphasis on material objects values. phi or money that displaces spiritua

Question

28, an emphasis on material objects values. phi or money that displaces spiritual, aesthetic, or that d a. Consu b. Individualism c. Materialism d. Rationalism merism 29. I ntense competition between corporations works to bring consumers a. Lower prices b. Lower quality c. Less choice d. Average quality 30. Immi gration generally brings an influx of younger workers who are less costly and more adaptable. a. True b. False 31. Structural change refers to any shift in the proportions of agricultural, goods-producing, and service occupations in an economy a. True b. False 32. The sector of occupations that add value to manufactured goods is known as the service sector a. True b. False 33. The transfer of work from a domestic to a foreign location is known as offshoring. a. True b. False 34. Nonwage costs including payments for social security, health insurance, and payroll taxes that employers must pay to cover disability, unemployment, and similar benefits are known as externalities a. True b. False 35. What type of change is caused by the process of job creation and job destruction that alter the mix of work in an economy? a. Technological b. Demographic c. Structural d. Legislative 36. Leadership from the top is critical for the success of diversity management programs a. True b. False

Explanation / Answer

28. ____ is an emphasis on material objects or money that displaces spiritual, aesthetic or philosophical values.

c. Materialism

Since Materialism emphasizes upon the material world with more inclination towards the physical aspects of the dynamic surroundings, it hence contrasts with spiritualism, aesthetic or philosophical values which are more intangible in nature.

29. Intense competition between Corporations work to bring consumers:

a. Lower prices

Intense competition between Corporations support the concept of consumerism and helps in reducing the prices of the products and services offered in the market, without compromising upon the quality so offered, in order to avail more consumers towards their offerings.

30. Immigration generally brings an influx of younger workers who are less costly and adaptable.

True

The Corporations can avail a vast range of younger workers who migrate to other places in search of jobs. Due to lack of job opportunities in their native, these younger workers are easy to be negotiated with, when it comes to offering them compensation packages and hence are less costly to be hired. Moreover, with the view to stay put at the migrated place, these workers generally put a lot of efforts to adapt themselves into a new surrounding and hence are also very adaptable by nature.

31. Structural change refers to any shift in the promotions of agricultural, goods-producing and service occupations in an economy.

True

When there is a shift in the promotions of agricultural, goods-producing and service occupations in an economy, there is a marked change in the foundation of the economic set-up itself and hence it amounts to the structural change in an economy.

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