What Is McDonaldization Built Upon

question 120

Multiple Choice

What is McDonaldization built upon?

• A) innovative techniques specifically devised for the post-industrial society
• B) ideas and systems of industrial society,including bureaucracy and the assembly line
• C) a division of labour reminiscent of pre-industrial society
• D) the knowledge and specialized skills of managers and employees

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Price-Earnings Ratio

Price-earnings ratio is a valuation metric comparing a company's current share price relative to its per-share earnings, used to gauge if a stock is over or undervalued.

Earnings Per Share

A measure of a company's profitability, calculated as the profit available to common shareholders divided by the average number of common shares outstanding.

Working Capital

The variance between a business's present assets and its present debts, which demonstrates the firm's liquidity.