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Andile Hears an Advertisement on the Radio Claiming That It

question 79

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Andile hears an advertisement on the radio claiming that it is possible to earn an MBA degree in one year by going to school one night per week and meeting with a study group for two hours each week.This is an example of what McDonaldisation principle?


Definitions:

Stocks

Shares of ownership in a company that entitle the shareholder to a proportion of the company's profits and assets.

T-bond Futures

Futures contracts that obligate the buyer to purchase Treasury bonds at a specified price at a future date.

Initial Margin

The minimum amount of funds required to be deposited in a margin account before trading on leverage to ensure that the account can cover potential losses.

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account to cover potential losses.

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