The Chapter-Opening Story of the McDonald's Organization Explains

question 97

Multiple Choice

The chapter-opening story of the McDonald's organization explains

• A) that the principles guiding McDonald's now dominate much of our social life.
• B) why so many small businesses fail.
• C) that the McDonald's idea never caught on outside of the United States.
• D) that "fast food" is really pretty slow.

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Definitions:

Productivity

A measure of the efficiency of production, often calculated by dividing total output by the total inputs used in the production process.

Demand

The amount of a good or service that buyers are ready and capable of buying at different price levels over a given time frame.

Human Capital

The expertise, know-how, and practical experiences that a person or collective maintains, regarded in relation to their financial or worth importance to a business or country.

Nonhuman Capital

Resources or assets that are not human, such as machinery, buildings, and land, used in the production of goods and services.