Following Smelser's Value-Added Theory,why Would We Not Expect a Poor,third-World

question 5

Multiple Choice

Following Smelser's value-added theory,why would we not expect a poor,third-world nation with a barter economy to develop mass hysteria over stock market problems in the United States,such as the crash of the U.S.market in the 1920s?

• A)lack of structural conduciveness
• B)lack of structural strain
• C)lack of generalized belief
• D)action of social control

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Definitions:

Procurement

Involves the strategic acquisition of necessary goods and services for organizational operations, emphasizing cost-effectiveness and efficiency.

Substitute Products

Goods or services that can serve as replacements for each other; when the price of one goes up, the demand for the other might increase.

Information-Based

Referring to processes, businesses, or systems that primarily rely on data and information to function or provide value.

Manufacturing

The process of producing goods and products in large quantities through the use of labor, machines, tools, and chemical or biological processing.