DS Economic Context and Ethics Review

What is the primary goal of businesses adapting to new digital tools and technologies?

• To decrease customer satisfaction

• To maximize profits and better meet customer needs

• To reduce the need for employees

• To avoid international trade

How have digital technologies affected team dynamics in the workplace?

• Teams now work in longer cycles with less communication

• Teams are less dynamic and rely solely on physical meetings

• Teams are more dynamic and work in shorter cycles, facilitated by digital tools

• Digital tools have had no impact on team dynamics

What is the purpose of a transaction processing system?

• To manage employee schedules

• To manage sales, purchases, and other transactions

• To design office spaces

• To create marketing campaigns

Which of the following is an example of horizontal diversification?

• A business taking over a new part of its supply chain

• A business adding products/services complementary to their core business

• A business adding new products completely separate from their existing operations

• A business adjusting its existing product lines to meet a wider customer audience

What does "inclusive" refer to in a business context?

• An environment focused solely on profit

• An environment where only certain demographics feel valued

• An environment where people of all backgrounds feel valued, safe, and respected

• An environment with no diversity

What is the purpose of a psychometric survey?

• To measure a company's financial performance

• To measure an individual's mental capabilities and behavioral styles

• To assess customer satisfaction

• To determine employee salaries

How has the internet affected employment opportunities?

• It has decreased the number of short-term employment opportunities

• It has led to the replacement of traditional jobs with new entrepreneurial opportunities

• It has made networking more difficult

• It has eliminated the need for digital skills in most jobs

What is a digital nomad?

• A person who works in a traditional office setting

• A person who works remotely and is not tied down to any particular location

• A person who avoids using digital technology

• A person who only works in the technology industry

What is crowdsourcing?

• Collecting information/ideas/work from a small group of experts

• Collecting money over the internet for personal use

• Collecting information/ideas/work from a large group of people, usually over the internet

• Distributing tasks only to company employees

What is the potential impact of automation on employment?

• Increased job security for all workers

• Companies needing more employees

• Displacement of workers or automation of job aspects

• A decrease in the need for digital skills