Max Weber Noted Many Traits of Bureaucracy

question 54

Multiple Choice

Max Weber noted many traits of bureaucracy. Which of the following list is NOT one of them?

• A) favouring family members over strangers
• B) arranging offices in a hierarchy
• C) enacting many rules and regulations
• D) providing workers with highly specialized jobs

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Definitions:

Financial Crisis

A situation where the value of financial institutions or assets drops rapidly, leading to a loss of confidence in the financial system, possible bank runs, and reduced lending and spending.

Adverse Selection

A market process in which unwanted results occur when buyers and sellers have asymmetric information, typically resulting in high-quality goods or services being driven out of the market.

Insured Drivers

Individuals who have obtained insurance coverage to protect against potential losses or liabilities arising from automobile accidents or incidents.

Moral Hazard

A situation in economics where one party takes more risks because they know another party bears the cost of those risks.