MKTG203 WK 5 SOCIOECONOMIC CHALLENGES IN
SUSTAINABLE BUSINESS EXAM QUESTIONS WITH
COMPLETE VERIFIED ANSWERS LATEST UPDATED
VERSION 2025
Absolute Poverty
Minimum income needed for basic needs.
Relative Poverty
Poverty defined by societal living standards.
Social Stratification
Hierarchical arrangement of individuals in society.
Environmental Degradation
Deterioration of the environment through resource overuse.
Economic Development
Improvement of economic well-being indicators.
Per Capita Income
Average income earned per person in a given area.
, GDP
Total value of goods produced in a country.
GNP
Total income earned by residents of a country.
Unemployment Rate
Percentage of the labor force that is jobless.
Literacy Rate
Percentage of people who can read and write.
Vicious Downward Spiral
Cycle where poverty leads to environmental degradation.
Top-Down Development
Development approach initiated by higher authorities.
Paternalism in Development
Imposing development from a perceived superior position.
Post-Colonialism
Shift in power after colonial rule ends.
Neo-Colonialism
Continued economic dominance by former colonial powers.
SUSTAINABLE BUSINESS EXAM QUESTIONS WITH
COMPLETE VERIFIED ANSWERS LATEST UPDATED
VERSION 2025
Absolute Poverty
Minimum income needed for basic needs.
Relative Poverty
Poverty defined by societal living standards.
Social Stratification
Hierarchical arrangement of individuals in society.
Environmental Degradation
Deterioration of the environment through resource overuse.
Economic Development
Improvement of economic well-being indicators.
Per Capita Income
Average income earned per person in a given area.
, GDP
Total value of goods produced in a country.
GNP
Total income earned by residents of a country.
Unemployment Rate
Percentage of the labor force that is jobless.
Literacy Rate
Percentage of people who can read and write.
Vicious Downward Spiral
Cycle where poverty leads to environmental degradation.
Top-Down Development
Development approach initiated by higher authorities.
Paternalism in Development
Imposing development from a perceived superior position.
Post-Colonialism
Shift in power after colonial rule ends.
Neo-Colonialism
Continued economic dominance by former colonial powers.
