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What Is a 'Total Institution',and How Does It Compare to the Concept

question 10

Essay

What is a 'Total Institution',and how does it compare to the concept of polyphonic organizations? To what extent do you believe total institutions actually exist in today's business environment? Use contemporary organizations to provide some examples you think represent total institutions and be sure to justify your answer.

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Definitions:

Equity

The value of an asset after deducting the total liabilities, or the ownership interest in a company divided among shareholders.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.

Positive Covenant

A clause in a loan agreement that requires the borrower to perform certain actions or meet specific conditions.

Loan Collateral

Assets or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

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