Exam 14: Work and Economic Life

When one firm is in a commanding position in an industry, it is a(n):

The transnational corporation that has revolutionized the field of supply chain management, giving it a supreme edge in competing for products, is:

One way to approach globalization is by developing an "international division of labor." What exactly does that phrase mean? How does that global structure differently affect workers in developed and developing countries?

A 37-year-old is not working for pay but has gone back to school to earn an MBA. He is waiting to look for work until he completes his degree. Because he is over the age of 16, however, he would be counted as part of the unemployment rate

The economic system that involves restless expansion and investment to accumulate capital is:

Unemployment is increasingly a standard condition in the U.S. economy because:

The "race to the bottom" in relation to the global economy means that:

Americans spend more time at work than do citizens of other advanced industrial countries.

The stage of corporate capitalism in which the company is itself a more defined economic entity, separate from the entrepreneurial family, and controlled by managers is known as:

According to your textbook, in recent years, Chinese firms have shifted their investment focus to:

Which of the following positions would most likely be in a high-trust system?

Being a private secretary was once a very prestigious male occupation but lost its prestige because:

Theodore works for a marketing company and travels regularly for his job. His work schedule is flexible, and he works on his own projects. This company uses the type of managerial system known as a(n):

According to Karl Marx, capitalism reduces many people's work to dull, uninteresting tasks over which workers have no influence or control. He referred to this situation and the feelings it engendered as:

The factor that facilitates corporate mergers and acquisitions the most is that:

The "new" economy in which ideas, information, and forms of knowledge support and sustain innovation and growth is most commonly called the:

Compared with other jobs, union membership is much higher in:

When a small group of giant corporations predominate in an industry, they constitute a(n):

Describe the main characteristics of the global division of labor.

Images and dreams are spread throughout the world, even to the developing world, through movies, TV programs, music, videos, games, toys, and T-shirts. Richard Barnet and John Cavanagh call this the global: