McDonald's Uses Detailed Standard Operating Procedures Throughout the World to Ensure

question 35

Multiple Choice

McDonald's uses detailed standard operating procedures throughout the world to ensure product quality.This implies that McDonald's has a high degree of

• A) formalization.
• B) specialization.
• C) decentralization.
• D) hierarchy.

---

Definitions:

M1

A category of the money supply that includes all physical money, such as coins and currency, as well as demand deposits, traveler's checks, and other checkable deposits.

Money

A medium of exchange that facilitates transactions, serving as a unit of account, a store of value, and sometimes, a standard of deferred payment.

Reserve Rate

The fraction of depositors' balances banks must have on hand as cash, a requirement determined by the central bank.

Gold Coins

Metallic forms of money minted from gold, used historically and currently as investment or collectible items.