Which of the Following Is One of Ritzer's Principles of the "McDonaldization

question 24

Multiple Choice

Which of the following is one of Ritzer's principles of the "McDonaldization of society"?

• A) change
• B) spontaneity
• C) qualification
• D) efficiency

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Definitions:

Zero Correlation

A statistical term indicating no linear relationship between two variables, meaning one variable does not predict the movement of the other.

Equity Tranche

The portion of a structured finance instrument that is first to absorb losses and last to receive payments.

Default

Failure to fulfill a legal obligation, especially failure to meet a debt payment or not fulfilling a contract condition.

Collateralized Debt Obligation

A complex structured finance product that pools together cash flow-generating assets and repackages them into tranches for sale to investors.