Severin Leased a Small Shop from Matthew for a Five-Year

question 17

True/False

Severin leased a small shop from Matthew for a five-year term. The shop was located in a small town. The right to distrain against the goods of Severin would be a remedy available to Matthew, if Severin should default in the payment of his rent.

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Definitions:

Productivity

A measure of the efficiency of production, often quantified as the ratio of inputs to outputs in economic terms.

Taylorism

A theory of management that analyzes and synthesizes workflows, with the primary objective of improving economic efficiency, especially labor productivity.

Fordism

Is a method of industrial management based on assembly-line methods of producing inexpensive, uniform commodities in high volume.

McDonaldization

A term referring to the process by which the principles of fast food restaurants, such as efficiency, calculability, predictability, and control, are coming to dominate more sectors of society and everyday life.