In Every Area of Modern Life There Is a Tendency

question 19

Short Answer

In every area of modern life there is a tendency toward ____________, Weberʹs term for the process of replacing subjective, spontaneous, informal, and diverse ways of doing things with a planned, objective, formally unified method based on abstract rules.

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Definitions:

Par

The face value of a bond or stock, or the standard level for a currency.

Dividend

A portion of a company's earnings distributed to shareholders, usually in the form of cash or stock.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.

Shipping Charge

A fee imposed by a carrier for the handling and transportation of goods from one location to another.