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Sociologist George Ritzer has applied Weber's theories to an examination of fast-food restaurants such as McDonald's. In the process of "McDonaldization," he identified four dimensions of formal rationality. Which of the following was not a dimension identified?
Flexible Short-term Financial Policy
A financial strategy that emphasizes maintaining liquidity and flexibility in meeting short-term obligations without committing to long-term financial decisions.
Inventory Period
The time span between purchasing goods for sale and their eventual sale to customers.
Restrictive Financial Policies
Restrictive financial policies are measures implemented by a company to maintain financial stability and discipline, often involving limits on capital spending, borrowing, and dividend distributions.
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