The Introduction of ATMs in the Banking Industry Illustrates That

question 35

Multiple Choice

The introduction of ATMs in the banking industry illustrates that ATMs

• A)can be substitutes for labor in handling cash deposits and withdrawals, but they can be complements for labor in other banking functions.
• B)are more productive substitutes for labor in most banking transactions, thereby reducing the long-term demand for labor by banks.
• C)increased the demand for labor by banks because the ATMs proved to be less productive substitutes for labor.
• D)are much better complements for labor, causing banks to reduce the number of their branch locations.

Understand the impact of workplace policies on personal relationships and social habits of employees.

Analyze how differences, such as race and sexuality, are constructed and maintained through communication and societal norms.

Recognize the role of power and privilege in constructing notions of professionalism, especially for marginalized groups.

Understand the economic and ethical arguments for diversity and inclusion within organizations.

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Definitions:

GDP

Gross Domestic Product is the aggregate value, in terms of money or market price, of all end products and services generated within the confines of a country during a certain period.

Socioeconomic Variables

Characteristics that define the social and economic factors of individuals or groups, such as income, education, and occupation.

Standard of Living

The scope of wealthiness, contentment, material commodities, and life's necessities accessible to a certain class within the social economy or a defined area.

Frans Hals

A Dutch Golden Age painter known for his portraits, depicting lively and spontaneous expressions.