SOCY 1000 Final Exam 5 McConnell
(Economy)
1. Greater demand for inexpensive products and various services are characteristics of
what? ...ANSWER...Consumer society
2. The Sherman Antitrust Act was to put an end to what form of
capitalism? ...ANSWER...Monopoly Capitalism
3. What kind of economy is based only on the use value of
goods? ...ANSWER...Subsistence Economy
4. High inequality results in what form of capitalism? ...ANSWER...Corporate capitalism
5. The former Soviet Union established an economy of what type? ...ANSWER...State
Bureaucratic Socialism
6. What is an economy in which goods are produced for both use value and exchange
value, but where there is no labor market? ...ANSWER...Simple Market Economy
7. Mass production of homogeneous goods on an assembly line for a mass market is
what? ...ANSWER...Fordism
8. An economy in which the state arbitrates between corporations and labor unions is
what? ...ANSWER...Simple Market economy
9. A worker who somehow reorganizes some aspect of a client's experience is working
where? ...ANSWER...Service sector
10. The principles of scientific management were developed in what? ...ANSWER...??
The Principles of Scientific Management (1911) is a monograph published by Frederick
Winslow Taylor. This laid out Taylor's views on principles of scientific management, or
industrial era organization and decision theory. Taylor was an American manufacturing
manager, mechanical engineer, and then a management consultant in his later years.
The term "scientific management" refers to coordinating the enterprise for everyone's
benefit including increased wages for laborers[1] although the approach is "directly
antagonistic to the old idea that each workman can best regulate his own way of doing
(Economy)
1. Greater demand for inexpensive products and various services are characteristics of
what? ...ANSWER...Consumer society
2. The Sherman Antitrust Act was to put an end to what form of
capitalism? ...ANSWER...Monopoly Capitalism
3. What kind of economy is based only on the use value of
goods? ...ANSWER...Subsistence Economy
4. High inequality results in what form of capitalism? ...ANSWER...Corporate capitalism
5. The former Soviet Union established an economy of what type? ...ANSWER...State
Bureaucratic Socialism
6. What is an economy in which goods are produced for both use value and exchange
value, but where there is no labor market? ...ANSWER...Simple Market Economy
7. Mass production of homogeneous goods on an assembly line for a mass market is
what? ...ANSWER...Fordism
8. An economy in which the state arbitrates between corporations and labor unions is
what? ...ANSWER...Simple Market economy
9. A worker who somehow reorganizes some aspect of a client's experience is working
where? ...ANSWER...Service sector
10. The principles of scientific management were developed in what? ...ANSWER...??
The Principles of Scientific Management (1911) is a monograph published by Frederick
Winslow Taylor. This laid out Taylor's views on principles of scientific management, or
industrial era organization and decision theory. Taylor was an American manufacturing
manager, mechanical engineer, and then a management consultant in his later years.
The term "scientific management" refers to coordinating the enterprise for everyone's
benefit including increased wages for laborers[1] although the approach is "directly
antagonistic to the old idea that each workman can best regulate his own way of doing
