If Casinos Notice an Increase in Business Due to the Fact

question 39

Multiple Choice

If casinos notice an increase in business due to the fact that many people no longer regard gambling as wrong, this demonstrates a change in the ________ dimension of their external environment.

• A) socio-cultural
• B) technological
• C) global
• D) political-legal
• E) economic

Understand the factors contributing to the success or failure of businesses, including natural resources, human resources, capital, and entrepreneurship.

Identify and describe the main components and rights of the private enterprise system.

Recognize the role of profits as a primary incentive for business ownership and expansion.

Distinguish between not-for-profit and for-profit organizations and their roles in the economy.

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Definitions:

Unemployment

The condition of being without a job, but actively seeking work and willing to work, often used as an important economic indicator.

Work Force

The total number of people employed or available for employment in a specific community, region, or country, including both the employed and those seeking employment.

Collective Bargaining

The negotiation process between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, and other aspects of workers' compensation and rights.

Going on Strike

A form of protest or labor action where employees stop working to press for better working conditions, wages, or benefits from their employers.