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Max Weber identified which of the following as a characteristic of bureaucracy?
Piano Lessons
Formal instruction in playing the piano, typically involving one-on-one sessions between a student and a teacher.
Interest Rate
The fee, shown as a fraction of the total amount lent, that a lender imposes on a borrower for the utilization of resources.
Utility Function
A mathematical representation that defines the level of satisfaction or utility that a consumer derives from consuming certain goods or services.
Consumption
The use of goods and services by households or individuals, leading to the satisfaction of their wants and needs.
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