Question 1

Evidence from several generations shows that only 18 per cent of sons of working class fathers became professionals and managers.

Accepted Answer

A) True 
 B)False  True

Question 2

The term 'the going rate' refers to:

Accepted Answer

A)  The sum paid to chief executives of companies who are forced out of their jobs 
B)  The wage or salary for a job determined by competitive conditions in the labour market 
C)  The annual rate of outward migration from the country 
D)  The death rate (number of deaths per thousand of the population) 
A)  The sum paid to chief executives of companies who are forced out of their jobs 
B)  The wage or salary for a job determined by competitive conditions in the labour market 
C)  The annual rate of outward migration from the country 
D)  The death rate (number of deaths per thousand of the population) B

Question 3

If in terms of income country A has a Gini coefficient of 0.62 and country B one of 0.25 then we can conclude that country A has a more equal distribution than country B

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the flowing statements is correct?

Accepted Answer

A)  If a country experiences a rise in its income Gini coefficient over time then this shows that it is becoming more equal in terms of income distribution. 
B)  If a country experiences a rise in its income Gini coefficient over time then this shows that it is becoming a fairer society in terms of income distribution 
C)  If a country experiences a rise in its income Gini coefficient over time then this shows that it is becoming a more unfair society in terms of income distribution 
D)  If a country experiences a rise in its income Gini coefficient over time then this shows that it is becoming a more unequal society in terms of income distribution 
A)  If a country experiences a rise in its income Gini coefficient over time then this shows that it is becoming more equal in terms of income distribution. 
B)  If a country experiences a rise in its income Gini coefficient over time then this shows that it is becoming a fairer society in terms of income distribution 
C)  If a country experiences a rise in its income Gini coefficient over time then this shows that it is becoming a more unfair society in terms of income distribution 
D)  If a country experiences a rise in its income Gini coefficient over time then this shows that it is becoming a more unequal society in terms of income distribution

Question 5

Statistics show that, rather than girls being disadvantaged in education compared to boys, in fact more girls than boys achieve at least five A*-C GCSEs or equivalent, including English and Mathematics, at state schools in England.

Accepted Answer

A) True 
 B)False

Question 6

Advocates of equality of opportunity argue that 'As long as opportunities are equal, it is fair enough if some get ahead and others fall behind.'

Accepted Answer

A) True 
 B)False

Question 7

What proportion of directors of the UK's top 100 companies are women (using 2015 data)?

Accepted Answer

A)  6 per cent 
B)  36 per cent 
C)  16 per cent 
D)  26 per cent 
A)  6 per cent 
B)  36 per cent 
C)  16 per cent 
D)  26 per cent

Question 8

What does a meritocratic conception of equality of opportunity involve? Please select all that apply.

Accepted Answer

A)  It is unfair to choose between candidates for a job on the basis of their sex 
B)  Appointment should be decided on the basis of the talents of the applicants 
C)  There should be equal numbers of men and women in each occupation 
D)  The best applicant in terms of skills and qualifications relevant to the job should be appointed 
A)  It is unfair to choose between candidates for a job on the basis of their sex 
B)  Appointment should be decided on the basis of the talents of the applicants 
C)  There should be equal numbers of men and women in each occupation 
D)  The best applicant in terms of skills and qualifications relevant to the job should be appointed

Question 9

The gap between the earnings of directors and employees might be justified in terms of the following principles. Please select all that apply.

Accepted Answer

A)  Incentives 
B)  Social cohesion 
C)  Trickle-down effect 
D)  Workforce morale 
A)  Incentives 
B)  Social cohesion 
C)  Trickle-down effect 
D)  Workforce morale

Question 10

The idea that people from different backgrounds should enjoy the same chances to benefit from valued opportunities, e.g. if an employer discriminates between female or black candidates for promotion.

Accepted Answer

A)  Democracy 
B)  Equality of outcome 
C)  Equality of opportunity 
D)  Discrimination 
A)  Democracy 
B)  Equality of outcome 
C)  Equality of opportunity 
D)  Discrimination

Question 11

According to the Milburn report the evidence shows that societies have to choose between greater equality and more social mobility.

Accepted Answer

A) True 
 B)False

Question 12

In July 2017 the BBC produced a list of the salaries of all of the 'top talent' who are paid more than £150,000, which showed two-thirds of these 96 high earners, and all of the top seven, were women.

Accepted Answer

A) True 
 B)False

Question 13

The phenomenon of a persistent pay gap between men and women is not related to occupational segregation between men and women.

Accepted Answer

A) True 
 B)False

Question 14

It has been estimated that the woman working full time in the UK experiences a lifetime earnings gap of around £300,000 compared to full-time men.

Accepted Answer

A) True 
 B)False

Question 15

Neoclassical/free market economists tend to feel that income inequality across occupations and between people reflects: (Please select all that apply.)

Accepted Answer

A)  The relative differences in the demand and supply in individual labour markets 
B)  The ability of one class to exploit its economic and political power over other classes 
C)  The need for the economy to provide greater incentives in occupations where the demand for labour is high and the supply is limited 
D)  The fact that ownership of capital is restricted and that it is the unearned income from this that is the biggest determinant of income inequality 
A)  The relative differences in the demand and supply in individual labour markets 
B)  The ability of one class to exploit its economic and political power over other classes 
C)  The need for the economy to provide greater incentives in occupations where the demand for labour is high and the supply is limited 
D)  The fact that ownership of capital is restricted and that it is the unearned income from this that is the biggest determinant of income inequality

Question 16

According to the Equality Trust in 2015/16 what was the ratio between the average pay of chief executives of the top 100 UK businesses and the statutory National Living Wage?

Accepted Answer

A)  86:1 
B)  186:1 
C)  286:1 
D)  386:1 
A)  86:1 
B)  186:1 
C)  286:1 
D)  386:1

Question 17

The 2009 Milburn report was concerned with:

Accepted Answer

A)  High pay and inequality in the UK 
B)  Sexual discrimination in the labour market 
C)  The effect of the National Minimum Wage (NMW) 
D)  Fair access to the professions 
A)  High pay and inequality in the UK 
B)  Sexual discrimination in the labour market 
C)  The effect of the National Minimum Wage (NMW) 
D)  Fair access to the professions

Question 18

There is clear empirical evidence that as countries develop and grow that income inequality will rise but that over time it will naturally begin to fall as 'trickle down' kicks in.

Accepted Answer

A) True 
 B)False

Question 19

In the UK in 2014 (Q4) what proportion of women were participating in the labour market, i.e. either in employment or actively seeking work?

Accepted Answer

A)  55 per cent 
B)  35 per cent 
C)  75 per cent 
D)  95 per cent 
A)  55 per cent 
B)  35 per cent 
C)  75 per cent 
D)  95 per cent

Question 20

According to the Milburn report on access to the professions (2009) 'the professions have become ... less socially exclusive over time'.

Accepted Answer

A) True 
 B)False

Evidence from several generations shows that only 18 per cent of sons of working class fathers became professionals and managers.

The term 'the going rate' refers to:

If in terms of income country A has a Gini coefficient of 0.62 and country B one of 0.25 then we can conclude that country A has a more equal distribution than country B

Which of the flowing statements is correct?

Statistics show that, rather than girls being disadvantaged in education compared to boys, in fact more girls than boys achieve at least five A*-C GCSEs or equivalent, including English and Mathematics, at state schools in England.

Advocates of equality of opportunity argue that 'As long as opportunities are equal, it is fair enough if some get ahead and others fall behind.'

What proportion of directors of the UK's top 100 companies are women (using 2015 data)?

What does a meritocratic conception of equality of opportunity involve? Please select all that apply.

The gap between the earnings of directors and employees might be justified in terms of the following principles. Please select all that apply.

The idea that people from different backgrounds should enjoy the same chances to benefit from valued opportunities, e.g. if an employer discriminates between female or black candidates for promotion.

According to the Milburn report the evidence shows that societies have to choose between greater equality and more social mobility.

In July 2017 the BBC produced a list of the salaries of all of the 'top talent' who are paid more than £150,000, which showed two-thirds of these 96 high earners, and all of the top seven, were women.

The phenomenon of a persistent pay gap between men and women is not related to occupational segregation between men and women.

It has been estimated that the woman working full time in the UK experiences a lifetime earnings gap of around £300,000 compared to full-time men.

Neoclassical/free market economists tend to feel that income inequality across occupations and between people reflects: (Please select all that apply.)

According to the Equality Trust in 2015/16 what was the ratio between the average pay of chief executives of the top 100 UK businesses and the statutory National Living Wage?

The 2009 Milburn report was concerned with:

There is clear empirical evidence that as countries develop and grow that income inequality will rise but that over time it will naturally begin to fall as 'trickle down' kicks in.

In the UK in 2014 (Q4) what proportion of women were participating in the labour market, i.e. either in employment or actively seeking work?

According to the Milburn report on access to the professions (2009) 'the professions have become ... less socially exclusive over time'.

Introduction: Business and Its Environment in a Globalizing World

The Economic Environment

The Technological Environment

The Political Environment

The Legal Environment

The Social and Cultural Environment

Can the Marketplace Be Ethical Corporate Responsibility

The Natural Environment: Global Warming, Pollution, Resource Depletion, and Sustainable Development

How Has Macroeconomic Policy Changed in an Era of Uncertainty

Globalization of Business: Good or Bad

Does Business Have Too Much Power

Creating Effective Trading Blocs: What Lessons Does the European Union Provide

What Role for the Public Sector

From Starting to Scaling and Beyond: How Do Entrepreneurs and Smes Innovate and Grow

Conclusion: Looking Ahead-Managing in a Dynamic Environment

Filters

Exam 12: Is Inequality Bad for Business

Evidence from several generations shows that only 18 per cent of sons of working class fathers became professionals and managers.

The term 'the going rate' refers to:

If in terms of income country A has a Gini coefficient of 0.62 and country B one of 0.25 then we can conclude that country A has a more equal distribution than country B

Which of the flowing statements is correct?

Statistics show that, rather than girls being disadvantaged in education compared to boys, in fact more girls than boys achieve at least five A*-C GCSEs or equivalent, including English and Mathematics, at state schools in England.

Advocates of equality of opportunity argue that 'As long as opportunities are equal, it is fair enough if some get ahead and others fall behind.'

What proportion of directors of the UK's top 100 companies are women (using 2015 data)?

What does a meritocratic conception of equality of opportunity involve? Please select all that apply.

The gap between the earnings of directors and employees might be justified in terms of the following principles. Please select all that apply.

The idea that people from different backgrounds should enjoy the same chances to benefit from valued opportunities, e.g. if an employer discriminates between female or black candidates for promotion.

According to the Milburn report the evidence shows that societies have to choose between greater equality and more social mobility.

In July 2017 the BBC produced a list of the salaries of all of the 'top talent' who are paid more than £150,000, which showed two-thirds of these 96 high earners, and all of the top seven, were women.

The phenomenon of a persistent pay gap between men and women is not related to occupational segregation between men and women.

It has been estimated that the woman working full time in the UK experiences a lifetime earnings gap of around £300,000 compared to full-time men.

Neoclassical/free market economists tend to feel that income inequality across occupations and between people reflects: (Please select all that apply.)

According to the Equality Trust in 2015/16 what was the ratio between the average pay of chief executives of the top 100 UK businesses and the statutory National Living Wage?

The 2009 Milburn report was concerned with:

There is clear empirical evidence that as countries develop and grow that income inequality will rise but that over time it will naturally begin to fall as 'trickle down' kicks in.

In the UK in 2014 (Q4) what proportion of women were participating in the labour market, i.e. either in employment or actively seeking work?

According to the Milburn report on access to the professions (2009) 'the professions have become ... less socially exclusive over time'.

Introduction: Business and Its Environment in a Globalizing World

The Economic Environment

The Technological Environment

The Political Environment

The Legal Environment

The Social and Cultural Environment

Can the Marketplace Be Ethical Corporate Responsibility

The Natural Environment: Global Warming, Pollution, Resource Depletion, and Sustainable Development

How Has Macroeconomic Policy Changed in an Era of Uncertainty

Globalization of Business: Good or Bad

Does Business Have Too Much Power

Creating Effective Trading Blocs: What Lessons Does the European Union Provide

What Role for the Public Sector

From Starting to Scaling and Beyond: How Do Entrepreneurs and Smes Innovate and Grow

Conclusion: Looking Ahead-Managing in a Dynamic Environment

Filters