Describe the three functional areas of a cultural system
What will be an ideal response?
Culture's functional areas include:
a. Ecology—the way in which a system is adapted to its habitat. This area is shaped by the technology used to obtain and distribute resources.
b. Social structure—the way in which orderly social life is maintained. This includes the domestic and political groups that are dominant within the culture.
c. Ideology—the mental characteristics of a people and the way in which they relate to their environment and social groups. This revolves around the notion that members of society possess a common worldview. They share certain ideas and principles of order and fairness. They also share an ethos, or set of moral and aesthetic principles.
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A product may fail due to ______.
A. adequate infrastructure B. excellent supporting services C. poor supply chain infrastructure D. government regulations
If a slide in a multimedia presentation contains ____ much text, it is difficult to read and often causes audience members to lose interest
A) to B) too C) two
How many units of Product A can they expect to sell?
A small entrepreneurial company is trying to decide between developing two different products that they believe they can sell to two potential companies, one large and one small. If they develop Product A, they have a 50% chance of selling it to the large company with annual purchases of about 20,000 units. If the large company won't purchase it, then they think they have an 80% chance of placing it with a smaller company, with sales of 15,000 units. On the other hand if they develop Product B, they feel they have a 40% chance of selling it to the large company, resulting in annual sales of about 17,000 units. If the large company doesn't buy it, they have a 50% chance of selling it to the small company with sales of 20,000 units. A) 20,000 B) 17,000 C) 16,000 D) 15,000
The purchase of goods and services as they are needed, usually at prevailing market prices, best defines
A) direct materials. B) consolidation. C) spot buying. D) strategic sourcing.