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An investor buys a 10-year,7% coupon bond for $1,050,holds it for 1 year,and then sells it for $1,040.What was the investor's rate of return?
McDonaldization
A term used by sociologist George Ritzer to describe the process by which the principles of the fast-food restaurant are coming to dominate more and more sectors of American society as well as of the rest of the world.
Predictability
The ability to foretell future events or behaviors based on patterns or known information.
Standardization
The process of developing and implementing technical standards to ensure consistency, safety, and interoperability of products and services.
George Ritzer
George Ritzer is a prominent American sociologist known for his contributions to consumer culture theory, globalization, and his concept of McDonaldization.
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