Which of the Following Best Explains How Social Hierarchies Arise

question 13

Multiple Choice

Which of the following best explains how social hierarchies arise?

• A) They arise when one group is able to use their possession of an asset to claim advantage over others.
• B) They are predetermined by the caste one is born into.
• C) They are determined by our religious ideology.
• D) They are based on our skills and abilities.

Realize the ways information technology enhances organizational relationships with the environment.

Recognize the advantages of using groupware in organizations.

Identify the role of management information systems in decision-making processes.

Understand the concept of intellectual capital and its value to organizations.

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Definitions:

Efficient Allocations

The optimal distribution of resources among competing uses to achieve the highest overall level of welfare or utility.

Market Failures

Situations where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Government Intervention

Actions taken by a government to affect or interfere in an economy or market, usually in the interest of public welfare or economic stability.

Economic Systems

The organized way in which a country allocates resources and apportions goods and services in the national community.