Question 1

The early Canadian economy was based on the sale of staple goods.

Accepted Answer

A) True 
 B)False

Question 2

What name does the text give for wealth that is owned or used in business by a person or corporation?

Accepted Answer

A)  money 
B)  property 
C)  assets 
D)  capital 
A)  money 
B)  property 
C)  assets 
D)  capital

Question 3

Define mixed economy and provide an example.

Accepted Answer

A mixed economy combines eleme

Question 4

The general aims of retail stores such as The Bay,Aldo,and Le Chateau characterize what form of economy?

Accepted Answer

A)  capitalism 
B)  communism 
C)  imperialism 
D)  socialism 
A)  capitalism 
B)  communism 
C)  imperialism 
D)  socialism

Question 5

A person with a thousand shares in MTS,a publicly traded company,has which of the following?

Accepted Answer

A)  capital 
B)  goods 
C)  services 
D)  labour 
A)  capital 
B)  goods 
C)  services 
D)  labour

Question 6

China is an example of democratic socialism.

Accepted Answer

A) True 
 B)False

Question 7

A large corporation called Family Friends owns the businesses Children's Only,Kids Can Vitamins,and Animal Power Juice,which are all marketed to families as children's health products.Which of the following describes Family Friends best?

Accepted Answer

A)  monopoly 
B)  oligopoly 
C)  shared monopoly 
D)  conglomerate 
A)  monopoly 
B)  oligopoly 
C)  shared monopoly 
D)  conglomerate

Question 8

A major tenet of capitalism is the belief that people are free to maximize their individual gain through personal profit.

Accepted Answer

A) True 
 B)False

Question 9

What is the most common form of employment in an industrial economy?

Accepted Answer

A)  wage labour 
B)  people working for themselves 
C)  people working for a family member 
D)  service work 
A)  wage labour 
B)  people working for themselves 
C)  people working for a family member 
D)  service work

Question 10

At a sporting manufacturing plant,stationed along a conveyer belt are hundreds of employees,each with a specific task to perform,ultimately contributing to the production of bicycles.This demonstrates which of the following?

Accepted Answer

A)  Taylorism 
B)  Fordism 
C)  bureaucratization 
D)  McDonaldization 
A)  Taylorism 
B)  Fordism 
C)  bureaucratization 
D)  McDonaldization

Question 11

Contingent work is part-time work that offers advantages to employers but can be detrimental to the welfare of workers.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following employees likely has the greatest job satisfaction?

Accepted Answer

A)  Leila,who is not involved in the decision-making process 
B)  Kristine,whose work is closely supervised and knows exactly what is expected 
C)  Mina,who has very few responsibilities on the job 
D)  Jody,who feels she plays an important part in the outcome of her work 
A)  Leila,who is not involved in the decision-making process 
B)  Kristine,whose work is closely supervised and knows exactly what is expected 
C)  Mina,who has very few responsibilities on the job 
D)  Jody,who feels she plays an important part in the outcome of her work

Question 13

Which of the following is NOT a characteristic of professions?

Accepted Answer

A)  autonomy 
B)  specialized knowledge 
C)  elitism 
D)  authority 
A)  autonomy 
B)  specialized knowledge 
C)  elitism 
D)  authority

Question 14

Workers in the Alberta oil sands are involved in what form of production?

Accepted Answer

A)  primary sector 
B)  secondary sector 
C)  tertiary sector 
D)  macro sector 
A)  primary sector 
B)  secondary sector 
C)  tertiary sector 
D)  macro sector

Question 15

A mixed economy is sometimes referred to as democratic capitalism.

Accepted Answer

A) True 
 B)False

Question 16

Steve routinely does landscaping and odd household jobs for friends and neighbours,who pay him "under the table." In which of the following is Steve a participant?

Accepted Answer

A)  the hidden economy 
B)  the illegal economy 
C)  the barter economy 
D)  the underground economy 
A)  the hidden economy 
B)  the illegal economy 
C)  the barter economy 
D)  the underground economy

Question 17

What economy is based on the provision of services rather than goods?

Accepted Answer

A)  primary sector 
B)  secondary sector 
C)  industrial 
D)  post-industrial 
A)  primary sector 
B)  secondary sector 
C)  industrial 
D)  post-industrial

Question 18

Which of the following jobs is the most autonomous?

Accepted Answer

A)  carpenter 
B)  lawyer 
C)  office manager 
D)  factory shift supervisor 
A)  carpenter 
B)  lawyer 
C)  office manager 
D)  factory shift supervisor

Question 19

Which of the following is NOT a feature of Taylorism?

Accepted Answer

A)  scientific management 
B)  deskilling 
C)  routinized procedures 
D)  assembly lines 
A)  scientific management 
B)  deskilling 
C)  routinized procedures 
D)  assembly lines

Question 20

What is McDonaldization built upon?

Accepted Answer

A)  innovative techniques specifically devised for the post-industrial society 
B)  ideas and systems of industrial society,including bureaucracy and the assembly line 
C)  a division of labour reminiscent of pre-industrial society 
D)  the knowledge and specialized skills of managers and employees 
A)  innovative techniques specifically devised for the post-industrial society 
B)  ideas and systems of industrial society,including bureaucracy and the assembly line 
C)  a division of labour reminiscent of pre-industrial society 
D)  the knowledge and specialized skills of managers and employees

Exam 19: Population and Urbanization

The early Canadian economy was based on the sale of staple goods.

What name does the text give for wealth that is owned or used in business by a person or corporation?

Define mixed economy and provide an example.

The general aims of retail stores such as The Bay,Aldo,and Le Chateau characterize what form of economy?

A person with a thousand shares in MTS,a publicly traded company,has which of the following?

China is an example of democratic socialism.

A large corporation called Family Friends owns the businesses Children's Only,Kids Can Vitamins,and Animal Power Juice,which are all marketed to families as children's health products.Which of the following describes Family Friends best?

A major tenet of capitalism is the belief that people are free to maximize their individual gain through personal profit.

What is the most common form of employment in an industrial economy?

At a sporting manufacturing plant,stationed along a conveyer belt are hundreds of employees,each with a specific task to perform,ultimately contributing to the production of bicycles.This demonstrates which of the following?

Contingent work is part-time work that offers advantages to employers but can be detrimental to the welfare of workers.

Which of the following employees likely has the greatest job satisfaction?

Which of the following is NOT a characteristic of professions?

Workers in the Alberta oil sands are involved in what form of production?

A mixed economy is sometimes referred to as democratic capitalism.

Steve routinely does landscaping and odd household jobs for friends and neighbours,who pay him "under the table." In which of the following is Steve a participant?

What economy is based on the provision of services rather than goods?

Which of the following jobs is the most autonomous?

Which of the following is NOT a feature of Taylorism?

What is McDonaldization built upon?

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