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Flashcards in Chapter 14 Deck (52)
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1
Q

Fordism

A

system of production created by Henry Ford, introduced the assembly line. application of scientific management principles

1
Q

economic transactions that are off the book and outside the sphere of normal paid employment

A

informal economy

2
Q

economy

A

system of production and exchange that provide material needs of people. 3 parts: production, distribution and consumption

2
Q

temporary stoppage of work by a group of employees to express grievance or enforce a demand

A

strike

3
Q

alienation

A

the sense that our ablities as humans are taken over by other entities. the loss of workers’ control over the nature and products of their labor

4
Q

system of production created by Henry Ford, introduced the assembly line. application of scientific management principles

A

Fordism

4
Q

organization or work setting where people are permitted a great deal of autonomy and control over the work task

A

high trust system

5
Q

Taylorism

A

a set of ideas “scientific management” by Frederick Winslow Taylor involving simple, coordinated operations in an industry. how to get workers to work quickly and efficiently

6
Q

capitalistic enterprise owned and administered by entrepreneurial families

A

family capitalism

7
Q

family capitalism

A

capitalistic enterprise owned and administered by entrepreneurial families

7
Q

system of production and exchange that provide material needs of people. 3 parts: production, distribution and consumption

A

economy

9
Q

characteristics of work

A

money, activity level (acquire and use skills), variety, time structure, social contacts, source of personal identity (doctors/generals)

11
Q

NOC

A

national occupational classification

12
Q

money, activity level (acquire and use skills), variety, time structure, social contacts, source of personal identity (doctors/generals)

A

characteristics of work

13
Q

activity where people produce to ensure their survival. carrying out tasks that require efforts (physical or mental) for a goal

A

work

14
Q

a set of ideas “scientific management” by Frederick Winslow Taylor involving simple, coordinated operations in an industry. how to get workers to work quickly and efficiently

A

Taylorism

14
Q

the specialization in producing goods for the world market that divides regions into zones of indutrial or agricultural production or high or low skilled labor

A

international division of labor

15
Q

work

A

activity where people produce to ensure their survival. carrying out tasks that require efforts (physical or mental) for a goal

15
Q

union density

A

a stat that represents the number of union members as a percentage of the number of people who could potentially be union members

16
Q

managerial capitalism

A

capitalistic enterprises administered by managerial executives rather than by owners

17
Q

informal economy

A

economic transactions that are off the book and outside the sphere of normal paid employment

18
Q

institutional capitalism

A

capitalistic enterprise organized on the basis of institutional shareholding

19
Q

capitalistic enterprises administered by managerial executives rather than by owners

A

managerial capitalism

20
Q

capitalism

A

an economic system based on the private ownership of wealth, which is invested and reinvested in order to produce profit

21
Q

a situation where a small number of firms dominate a given industry

A

oligopoly

23
Q

occupation

A

paid employment that can change often

25
Q

high trust system

A

organization or work setting where people are permitted a great deal of autonomy and control over the work task

26
Q

paid employment that requires skill, knowledge and education. specialization in a field. doesn’t change jobs often

A

profession

27
Q

monopoly

A

a situation where a single firm dominates a given industry

28
Q

specialization of work tasks, so different occupations are combined within a production system

A

division of labor

29
Q

in the division of labor, people depend on others to produce most of the goods they need to sustain their lives

A

economic interdependence

31
Q

low-trust system

A

organization or work setting where people are allowed little responsibility or control over the work task

31
Q

a situation where a single firm dominates a given industry

A

monopoly

32
Q

division of labor

A

specialization of work tasks, so different occupations are combined within a production system

34
Q

oligopoly

A

a situation where a small number of firms dominate a given industry

36
Q

the application of knowledge of the material world to production. creation and use of materials.

A

technology

37
Q

strike

A

temporary stoppage of work by a group of employees to express grievance or enforce a demand

38
Q

a stat that represents the number of union members as a percentage of the number of people who could potentially be union members

A

union density

39
Q

national occupational classification

A

NOC

39
Q

an economic system based on the private ownership of wealth, which is invested and reinvested in order to produce profit

A

capitalism

40
Q

technology

A

the application of knowledge of the material world to production. creation and use of materials.

40
Q

business corporations located in 2 or more countries

A

transational or multinational corporations

41
Q

transational or multinational corporations

A

business corporations located in 2 or more countries

43
Q

the sense that our ablities as humans are taken over by other entities. the loss of workers’ control over the nature and products of their labor

A

alienation

44
Q

economic interdependence

A

in the division of labor, people depend on others to produce most of the goods they need to sustain their lives

45
Q

paid employment that can change often

A

occupation

46
Q

welfare capitalism

A

practice where large corporations protect their employees from vicissitudes (unpleasant fortune) of the market

47
Q

practice where large corporations protect their employees from vicissitudes (unpleasant fortune) of the market

A

welfare capitalism

48
Q

profession

A

paid employment that requires skill, knowledge and education. specialization in a field. doesn’t change jobs often

49
Q

international division of labor

A

the specialization in producing goods for the world market that divides regions into zones of indutrial or agricultural production or high or low skilled labor

51
Q

organization or work setting where people are allowed little responsibility or control over the work task

A

low-trust system

52
Q

capitalistic enterprise organized on the basis of institutional shareholding

A

institutional capitalism