SOCIAL CHANGE AND ITS EFFECT ON THE EDUCATIONAL SYSTEM

Question 1

Change is ___ in every aspect of society and is ___

Answer 1

always changing
inevitable

Question 2

Human ___and __and __have changed as a result of various social forces and events, observe that with the
influence of ___and advancements in __, we expect more change to happen in the coming years. The future remains ___due to these social change
forces.

Answer 2

relationships
interactions
culture
technology
science
unpredictable

Question 3

___generally define social change as changes in human interactions and
relationships that transform cultural and social transformation.

Answer 3

Sociologist

Question 4

Sociologists generally define social change as changes in __ and __ that transform __and __transformation.

Answer 4

human interactions
relationships
cultural
social

Question 5

These changes occur over time and often have __ and __ on society

Answer 5

profound
long-term effects

Question 6

The 2025 Risk Index identified the?

Answer 6

6 megatrends

Question 7

Enumerate the 6 megatrends

Answer 7

Digitalization and technological advances
Demographic and Behavioral changes
Global Talent and Skills Race
Business Operating Model Pressures
Regulatory changes and complexity
Changes in Investment, Capital sources, and returns

Question 8

Technological advancement is impacting
the finance industry as new challengers are emerging, and growing customer
expectations drive significant IT infrastructure investment.

Answer 8

Digitalization and Technological advances

Question 9

The changing demographics geographical,
and behavioral profiles of customers are forcing financial institutions to deal with divergent
customer expectations, and new customer bases and workforces

Answer 9

Demographic and Behavioral Changes

Question 10

Talent capable of navigating a rapidly evolving financial
landscape will be required to respond to increasing regulatory pressures, a changing
approach to risk management, and the emergence of new markets.

Answer 10

Global Talent and Skills Race

Question 11

Regulation and the increasing cost of capital
exert pressure on business operating structures, driving segmentation and
disintermediation in the financial sector.

Answer 11

Business Operating Model Pressures

Question 12

Regulatory pressures arising from the financial
crisis have increased the cost of capital, prompted large-scale divestment, reshaped
attitudes toward risk, and redrawn the boundary between retail and wholesale banking.

Answer 12

Regulatory Changes and Complexity

Question 13

Non-bank financial institutions,
fintech companies, and new investors bring fresh capital into the sector. At the same time,
banks meet capital requirements, manage stress tests, and spend on compliance
upgrades.

Answer 13

Changes in Investment, capital sources, and returns