MCQs > Culture & Ethics > Social Problems MCQs > Work and the Economy MCQs

Work and the Economy MCQ

The act of calling attention to malfeasance in one’s organization is called whistle blowing

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

Payment for work done on an hourly basis is called

Answer

Correct Answer: Wage

Note: This Question is unanswered, help us to find answer for this one

United States–Mexico–Canada Agreement (USMCA) explains a renegotiated trade agreement ratified in _______ by the United States, Mexico, and Canada that is meant to replace NAFTA.

Answer

Correct Answer: 2020

Note: This Question is unanswered, help us to find answer for this one

_____ Economy describes a work that is illegal or is designed to avoid the reporting of payments to government authorities such as tax collectors; also known as the shadow economy

Answer

Correct Answer: Underground

Note: This Question is unanswered, help us to find answer for this one

Remuneration that includes a wage or salary plus benefits is called total Compensation

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

Unemployment that is caused by basic changes in the economy is called

Answer

Correct Answer: Structural Unemployment

Note: This Question is unanswered, help us to find answer for this one

The negative psychological and physiological effects of difficulties at work and elsewhere is called stress

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

The ________ sector of the economy that provides services such as education, health care, and government; also known as the tertiary sector

Answer

Correct Answer: Service

Note: This Question is unanswered, help us to find answer for this one

An educational approach that is part of students’ coursework and requires community engagement and reflection exercises, and that results in active experiential learning is called service learning

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

The sector of the economy that includes manufacturing and other activities that produce material goods is called

Answer

Correct Answer: Secondary Sector

Note: This Question is unanswered, help us to find answer for this one

Remuneration paid on a monthly or bimonthly basis and not directly tied to the number of hours worked is called

Answer

Correct Answer: Salary

Note: This Question is unanswered, help us to find answer for this one

________ of anything that can be divided is called

Answer

Correct Answer: One-fifth

Note: This Question is unanswered, help us to find answer for this one

The sector of the economy centered on farming, fishing, and the extraction of raw materials is called

Answer

Correct Answer: Primary Sector

Note: This Question is unanswered, help us to find answer for this one

A cost-cutting measure in which a company hires a supplier (domestic or foreign) to create goods and perform services or job functions that previously were performed by the company’s employees is called

Answer

Correct Answer: Outsourcing

Note: This Question is unanswered, help us to find answer for this one

The tendency of certain jobs to be filled predominantly on the basis of gender or according to race and ethnicity is called Occupational Segregation

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

North American Free Trade Agreement (NAFTA) describes A pact initiated in _______ to stimulate trade among the United States, Canada, and Mexico by lowering or eliminating tariff barriers

Answer

Correct Answer: 1994

Note: This Question is unanswered, help us to find answer for this one

The disappearance of jobs that require moderate-level skills in relation to jobs that require either high or low levels of skills is called Labor Market Polarization

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

The segment of the population either employed or actively seeking employment is called labor force

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

The set of cognitive, physical, and social skills of individual workers that produces economic value for organizations is called human capital

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

Great Depression describes the Worldwide economic downturn in the period 1929–______, marked by failing businesses, low or at times negative economic growth, and widespread unemployment

Answer

Correct Answer: 1941

Note: This Question is unanswered, help us to find answer for this one

A free-market system in which temporary, flexible jobs are performed by independent workers who are hired by organizations for short-term commitments is called

Answer

Correct Answer: Gig Economy

Note: This Question is unanswered, help us to find answer for this one

Unemployment that results from workers being temporarily jobless while transitioning from one job to another is called

Answer

Correct Answer: Frictional Unemployment

Note: This Question is unanswered, help us to find answer for this one

______________ is the legal practice that allows an employer to terminate a worker’s employment even if no specific reason for the termination is given

Answer

Correct Answer: Employment at Will

Note: This Question is unanswered, help us to find answer for this one

The division of work into a multiplicity of specialized occupational roles and tasks is called

Answer

Correct Answer: Division of Labor

Note: This Question is unanswered, help us to find answer for this one

Discouraged workers who have given up looking for jobs and hence are no longer counted as members of the labor force

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

_______ Unemployment caused by cyclical downturns in the economy

Answer

Correct Answer: Cyclical

Note: This Question is unanswered, help us to find answer for this one

Workers with limited or no job security; their jobs are not permanent is called

Answer

Correct Answer: Contingent Workers

Note: This Question is unanswered, help us to find answer for this one

Non Cash compensation paid to employees, such as health insurance and pension plans; also known as fringe benefits

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

Which statement is NOT true about living wages?

Answer

Correct Answer: Research has confirmed that higher living wages hurt the local economy.

Note: This Question is unanswered, help us to find answer for this one

Though employers report positive attitudes toward people with disabilities, actual hiring rates reveal an opposite tren

Answer

Correct Answer: False

Note: This Question is unanswered, help us to find answer for this one

The U.S. Department of Labor was created in 1944.

Answer

Correct Answer: False

Note: This Question is unanswered, help us to find answer for this one

There is no federal law prohibiting employment discrimination based on sexual orientation.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

Many of the worker benefits advocated by early labor unions are now mandated through federal, state, or local labor laws.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

There is no country in the world where women make the same as or more than men.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

Which type of organization would be LEAST likely to support increasing the minimum wage?

Answer

Correct Answer: A small business

Note: This Question is unanswered, help us to find answer for this one

All of the following are associated with the Union of Needletrades, Industrial, and Textile Employees except

Answer

Correct Answer: Liberty University

Note: This Question is unanswered, help us to find answer for this one

All of the following are effects of unemployment except

Answer

Correct Answer: Sense of control.

Note: This Question is unanswered, help us to find answer for this one

Which individual would be considered underemployed?

Answer

Correct Answer: Sue, a high school teacher who is working as a secretary because she can't find a job in her field

Note: This Question is unanswered, help us to find answer for this one

What has been called "the best umbrella in this historic economic storm and the best preparation for the economy that is emerging in recovery?"

Answer

Correct Answer: A college degree

Note: This Question is unanswered, help us to find answer for this one

A widespread, systematic disinvestment in our nation’s manufacturing and production capacities is referred to

Answer

Correct Answer: Deindustrialization.

Note: This Question is unanswered, help us to find answer for this one

How did the workforce change during World War II?

Answer

Correct Answer: Working women held jobs in war industries.

Note: This Question is unanswered, help us to find answer for this one

During the industrial revolution, family production was replaced with

Answer

Correct Answer: Market production.

Note: This Question is unanswered, help us to find answer for this one

What was so unique about the Great Recession of 2007-2009?

Answer

Correct Answer: Its impact on educated and formerly middle class individuals

Note: This Question is unanswered, help us to find answer for this one

search