What Is the Definition of McDonaldization

question 18

Multiple Choice

What is the definition of McDonaldization?

• A)a situation in which people refrain from contributing to the common good when a resource is freely available
• B)a situation in which people acting in their own self-interest use up commonly available but limited resources
• C)the process by which the characteristics of the fast food restaurant come to dominate other areas of social life
• D)the process by which jobs are subdivided into simple tasks requiring less skilled employees

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Definitions:

Residual Dividend Approach

Policy where a firm pays dividends only after meeting its investment needs while maintaining a desired debt–equity ratio.

Debt-Equity Ratio

A financial metric showing the mix of debt and equity used by a company to support its assets.

Investment Needs

The required capital an individual or organization needs to achieve financial goals.

Low-Dividend Clientele

Investors who prefer companies that offer lower dividend payments because they are in lower income tax brackets or have different investment goals.