The Formal System in Which Society Passes on Its Information

question 2

Multiple Choice

The formal system in which society passes on its information and values from one generation to the next is called:

• A) family
• B) education
• C) religion
• D) socialization

Understand the demographics and diversity in the IT workforce.

Comprehend the roles and responsibilities of IT managers in the systems development process.

Recognize the characteristics and requirements of remote IT jobs.

Identify and match IT roles with their corresponding responsibilities.

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Definitions:

Factors of Production

The resources utilized in the production of goods and services, traditionally categorized into land, labor, and capital.

Circular-Flow Model

A model that illustrates the movement of resources and money between firms and households in an economy.

Capital

Wealth in the form of money or other assets owned or employed in business by an individual, firm, or country.

Wages and Income

Represents the earnings received by laborers for their work and can include salaries, wages, and other forms of compensation.