How will GM bankruptcy affect owners of GM cars?
Owners of GM cars should see little change as a result of the bankruptcy since warranties will still be honored. But there will be plenty of pain caused by the bankruptcy and the company's efforts to stem losses. GM will shed its Pontiac, Saturn, Hummer and Saab brands and cut loose more than 2,000 of its 6,000 U.S. dealerships by next year.
How many GM dealerships are closing in the US?
GM will shed its Pontiac, Saturn, Hummer and Saab brands and cut loose more than 2,000 of its 6,000 U.S. dealerships by next year. That could result in more than 100,000 additional job losses if those dealerships are forced to close. A dozen facilities were identified for closure.
What happens to your GM bonds when GM reorganizes?
Investors in $27 billion worth of GM bonds, including mutual funds and thousands of individual investors, will end up with new stock in a reorganized GM worth a fraction of their original investment. Owners of current GM ( GM, Fortune 500) shares, which closed at just 75 cents a share on Friday, will have their investments essentially wiped out.
Which type of authority is derived more from the beliefs of followers than from the actual qualities of leaders?
That is charismatic authority (in common with all other types of legitimate authority) is rooted in the belief system of the followers rather than in some transcendental characteristics of the leader.
Which of the following is the purest form of rational legal authority?
bureaucracyThe purest form–the ideal type–of Weber's legal-rational type of authority is bureaucracy.
Which form of government now often takes the form of military rule quizlet?
oligarchy is a form of government in which a few people rule. It is similar to a dictatorship but instead one one person dictating their will, it is a small group of people who dictate their will. Oligarchy often takes the form of military rule.
What are some of the critiques of the sharing economy quizlet?
Jobs in the sharing economy do not offer consumers or workers flexibility or options. Jobs in the sharing economy do not offer guaranteed minimum hours, legal protections, and other benefits. The sharing economy pressures individuals to charge for services they would otherwise give to friends and family for free.
What is authority explain the salient features of rational-legal authority?
Rational-legal authority (also known as rational authority, legal authority, rational domination, legal domination, or bureaucratic authority) is a form of leadership in which the authority of an organization or a ruling regime is largely tied to legal rationality, legal legitimacy and bureaucracy.
What is authority Wikipedia?
In the fields of sociology and political science, authority is the legitimate power of a person or group over other people. In a civil state, authority is practiced in ways such a judicial branch or an executive branch of government.
What is a totalitarian form of government quizlet?
A government that takes total, centralized state control over every aspect of public and private life.
What is the political system in which a few individuals usually military leaders rule the masses?
oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. Oligarchies in which members of the ruling group are wealthy or exercise their power through their wealth are known as plutocracies.
What does the term sharing economy refer to quizlet?
Sharing Economy Definition. Sharing of assets that would be underutilized if referred to a single individual, in exchange for monetary or non-monetary benefits.
How does the economy affect the government sociology quizlet?
How does the economy affect the government? The economy generates revenue that funds government services.
When work done by skilled workers is offshored what will happen to wages of skilled workers abroad?
They will rise. What will happen to wages of skilled workers domestically when offshoring occurs? They will rise.
What are the two basic types of economic systems of industrial societies multiple choice question?
The two major economic systems in modern societies are capitalism and socialism.