Answer all the quiz questions below Insert here $1.$ An artist died and left behind some of his paintings, sellers deploy the knowledge to auction his paintings. The second approach to auction these paintings is known as$?$ Performativity of arts Performing economy Performativity of economics Painting sales Painting auction Insert here $2.$ Which of the following statements is NOT TRUE about sociology of consumption? Consumption is a study on what one consumes is a statement about lifestyle. Consumption of goods are expressions of who one is and how one wants others to think of him or her. Prices for goods and services are determined by the supply and demands. Marketing, advertising, and retailing constitute an active generation of a new kind of society altogether. The promotion and organization of consumption has led many to theorize the capitalist production of consumption. Insert here $3.$ Which of the following statements is NOT TRUE about consumption that relate to social status and lifestyle? To emulate the rich for status goods. Save for retirement. The race for positional goods like cars, good schools, fashion, and houses. Borrow to keep up with lifestyle. Society try to emulate lifestyle of those above them. Insert here $4.$In any companies, managers interact with employees where managers have the power to control labor$.$ This pattern of relationship can be classified as: Structure Culture Institutions Power Cognitive Insert here $5.$ Which of the following statement is NOT TRUE about Political Economy? Economics was not really separable from politics. Political factors are crucial in determining economic outcomes. As a discipline, economics historically viewed political forces not only as influencing economic outcomes, but often as a determining influence. Following the collapse of communism in the late $1980$s$,$ some academics argued that national capitalist systems would soon disappear. The success of entrepreneurs is closely related to their relationship with politicians. Insert here $6.$ According to the UNCDF Centre for Financial Health, $71\mathrm{.}4$ per cent of respondents would ask their family and friends for help, with only $8\mathrm{.}9$ per cent willing to apply for a bank loan. Most gig workers often do not have access to regular incomes or regulated proof of earnings, causing them to fall outside conventional banking requirements. Banks require good credit scores for loan approvals. This itself proves to be a challenge, as $36$ per cent of Malaysians doesn$$t have a good credit history, to begin with. Having a credit card is one of the easiest ways to build one$$s credit score. Still, many gig workers may face rejection at the application stage because they cannot suitably prove their income and financial status. This endless cycle of financial exclusion has created a gap in the market, as banks tend to refrain from offering loans or credit cards to gig workers due to their credit score $($or lack thereof$).$ Opportunity: New formulas to calculate such scores are needed in today$$s world, as conventional methods are often not applicable to gig workers. Solutions that leverage both traditional and modern assessment methods will help to promote inclusivity, enabling gig workers$$ greater access to financial products and options to not only meet their commitments but potentially expand their service offerings. Emerging businesses: GFI Fintech is an example of a startup bank on this opportunity, creating an alternative credit scoring method where potential borrowers take an advanced psychometric test. With an outcome of more than $90$ per cent accuracy, this test leverages artificial intelligence and over $200$ data points to assess a borrower$$s ability and willingness to repay their loans. This system can be used as a standalone option for those without conventional credit history or combined with traditional scoring systems for further accuracy. The above statements are related to: Market devices and performativity Market dynamics Market performance Market opportunities Markets and societies