Which International Business Chain Is Referenced by George Ritzer's Theory

question 59

Multiple Choice

Which international business chain is referenced by George Ritzer's theory of spreading bureaucratic rationalization and increased efficiency?

• A) Starbucks
• B) Burger King
• C) Walmart
• D) McDonald's

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Definitions:

Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, based on the standard hours worked and standard labor rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost.

Materials Price Variance

The difference between the actual cost of raw materials and the standard or expected cost, multiplied by the quantity of materials purchased.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or budgeted) variable overhead based on a standard rate.