This refers to the progressive improvements in the living conditions and quality of life enjoyed by society and shared by its members. Development false Economic Development false Social Development true Socioeconomic Development false Single This is defined as the process whereby simple, low-income national economies are transformed into modern industrial economies. Development false Economic Development true Social Development false Socioeconomic Development false Single This refers to the value of goods and services available per person per year. Gross Domestic Product false Gross National Product false median income false per capita income true Single The following are indicators of social development, except: clothing false shelter false food and nutrition false standard of living improvement true Single Ethics as a philosophy has always dealt with: how a life must be lived false what a good life should be false what a good society should be false all of the above true Single ________ is used to describe the process of a society’s objective in improving everybody’s well-being. Economic Development false Social Development false Socioeconomic Development false None of the Above true Single __________must be based on some philosophical premise of “what the purpose of life is”. Business false Business ethics true Economic Development false Socioeconomic Development false Single Which of the following activities fuels socio-economic development? Creating wealth and employing people false Producing something of value by putting together capital, raw materials, people, etc. false Paying wages to employees and enabling them to maintain and improve their standard of living. false both a and c true Single __________ is considered the engine of growth. Business true Ethics false Economic Development false Socioeconomic Development false Single There’s a real need for _______ in business to progress smoothly, ultimately for socio-economic development. ethics true dilemma false social responsibility false both a and b false Single