Match the Term with the Definition

question 82

Short Answer

Match the term with the definition.
1) indentured service
2) ideology
3) jati
4) ablution
5) apartheid
6) class system
7) bourgeoisie
8) proletariat
9) class consciousness
10) false class consciousness
11) power
12) prestige
13) meritocracy
14) divine right of kings
15) culture of poverty
-A) the assumption that the values and behaviors of the poor are different from those of other people, and that these factors are largely responsible for their poverty, which is perpetuated from one generation to the next
B) in a caste system, a washing ritual to restore purity when members of one caste come into contact with members of another caste
C) Marx's term for awareness of a common identity based on one's position as related to the means of production
D) Marx's term for capitalists, those who own the means of production
E) beliefs about the way things ought to be that justify social arrangements
F) a form of social stratification based primarily on the possession of money or material goods
G) the ability to control others, even over their objections
H) the belief that the king's authority comes directly from God
I) the separation of racial and/or ethnic groups as was once practiced in South Africa
J) admiration of an individual or group based on their social location or achievements
K) a contractual system in which someone sells his or her services for a specified period of time in an arrangement very close to slavery; another name for bonded labor
L) Marx's term to refer to workers who identify with the interests of capitalists
M) Marx's term for the exploited class, the mass of workers who do not own the means of production
N) sub castes of India's five major castes that number about 3,000
O) a form of social stratification in which all positions are awarded on the basis of merit

Distinguish between cost-plus pricing and standard markup pricing and their applications in business.

Explain the factors influencing the selection of pricing strategies such as time, demand, and capacity.

Recognize the role of market demand and competition in setting pricing strategies.

Understand the use of target pricing and its impact on pricing decisions.

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Definitions:

Process Consultation

A consulting method in which a third-party adviser helps an organization improve its processes, focusing on interpersonal relationships and problem-solving strategies.

Conflict Resolution

The process of resolving a dispute or conflict by meeting the needs of all parties involved and addressing the underlying issues.

Technological Innovation

The process of developing and implementing new technologies or improving existing ones to meet emerging needs or to create new market opportunities.

Common Law

A body of unwritten laws based on legal precedents established by the courts, influencing and guiding judicial decision-making.