Sociology Chapter 14 Exam Questions with Correct
Answers
1. work correct answer: carrying out of tasks that require the expenditure of mental and physical
ettort, which has as its objective the production of goods and services that cater to human needs
2. occupation correct answer: work that is done in exchange for a regular wage or salary
3. economy correct answer: consists of institutions that provide for the production and distribution of
goods and services
4. captialism correct answer: the way of organizing economic life that is distinguished by
private ownership of the means of production; profit as incentive; free competition for markets to
sell goods, acquire cheap materials, and cheap labor;
and restless expansion and investment to accumulate capital
5. technology correct answer: harnesses science to machinery in order to produce an ever-
increasing variety of goods more cheaply
6. housework (domestic labor) correct answer: unpaid work carried out in the home;
chores such as cooking, cleaning, shopping
7. division of labor correct answer: the specialization of work tasks by means of which
ditterent occupations are combined within a production system
8. Economic interdependence correct answer: the fact that in the division of labor,
individuals depend on others to produce many or most of the goods they need to sustain their
lives
9. family capitalism correct answer: capitalistic enterprise owned and administered by
entrepreneurial families
10. managerial capitalism correct answer: capitalistic enterprise administered by
managerial executives rather than by owners
11. welfare capitalism correct answer: the practice sought to make the corporation-
rather than state or trade unions- the primary shelter from the uncertainties of the market in
modern industrial life
12. institutional capitalism correct answer: emergence of consolidated network of
business leadership, concerned with not only decision making within single firms but also with the
development of corporate power beyond them. organized on basis of institutional shareholding
13. Fordism correct answer: the system of production pioneered by Henry Ford, in which the
assembly line was introduced
14. Taylorism correct answer: a set of ideas involving simple, coordinated operations in
industry
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Answers
1. work correct answer: carrying out of tasks that require the expenditure of mental and physical
ettort, which has as its objective the production of goods and services that cater to human needs
2. occupation correct answer: work that is done in exchange for a regular wage or salary
3. economy correct answer: consists of institutions that provide for the production and distribution of
goods and services
4. captialism correct answer: the way of organizing economic life that is distinguished by
private ownership of the means of production; profit as incentive; free competition for markets to
sell goods, acquire cheap materials, and cheap labor;
and restless expansion and investment to accumulate capital
5. technology correct answer: harnesses science to machinery in order to produce an ever-
increasing variety of goods more cheaply
6. housework (domestic labor) correct answer: unpaid work carried out in the home;
chores such as cooking, cleaning, shopping
7. division of labor correct answer: the specialization of work tasks by means of which
ditterent occupations are combined within a production system
8. Economic interdependence correct answer: the fact that in the division of labor,
individuals depend on others to produce many or most of the goods they need to sustain their
lives
9. family capitalism correct answer: capitalistic enterprise owned and administered by
entrepreneurial families
10. managerial capitalism correct answer: capitalistic enterprise administered by
managerial executives rather than by owners
11. welfare capitalism correct answer: the practice sought to make the corporation-
rather than state or trade unions- the primary shelter from the uncertainties of the market in
modern industrial life
12. institutional capitalism correct answer: emergence of consolidated network of
business leadership, concerned with not only decision making within single firms but also with the
development of corporate power beyond them. organized on basis of institutional shareholding
13. Fordism correct answer: the system of production pioneered by Henry Ford, in which the
assembly line was introduced
14. Taylorism correct answer: a set of ideas involving simple, coordinated operations in
industry
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