According to Max Weber (1864-1920), Thrift, Modesty, Moderation, Frugality, and Self-Denial

question 51

Multiple Choice

According to Max Weber (1864-1920) , thrift, modesty, moderation, frugality, and self-denial constitute which of the following?

• A) Western globalization
• B) Protestant ethic
• C) industrial materialism
• D) cultural consumerism
• E) hegemonic ideology

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Definitions:

Terminal Value

The future value of a series of cash flows projected to grow at a steady rate indefinitely, often used in discounted cash flow analysis.

Moral Code

A set of principles or values guiding an individual's distinctions between right and wrong behaviors.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or reasoning.

Conduct

The manner in which a person behaves, especially in a particular context or situation, reflecting their values, ethics, and professionalism.