Which of the Following Is an Impact of Rapid Technological

question 40

Multiple Choice

Which of the following is an impact of rapid technological change on job security?

• A) Routine skills have more demand.
• B) Nonroutine cognitive skills have gained more market value.
• C) Nonroutine jobs are outsourced, thus reducing the need of an in-house workforce.
• D) Routine skills are no longer required to complete a task.

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Definitions:

Primary Market

The market where new securities are issued and bought directly from the issuing company, facilitating capital raising.

Auction Market

A marketplace where buyers and sellers enter bids and offers simultaneously; prices are determined through direct interaction of supply and demand.

Dealer Market

A financial market mechanism in which dealers buy and sell securities for their own accounts.

Money Market

A segment of the financial market where short-term financial instruments with high liquidity are traded.