Examlex
At the operating breakeven point, the sales revenue is equal to the sum of the fixed and variable operating costs.
Formal Rationality
Refers to a mode of thought and decision-making based on clear rules, regulations, and procedures, often associated with bureaucratic institutions.
Metaphorical Encasement
The concept of encapsulating complex ideas or phenomena within a metaphor to facilitate understanding or analysis.
Iron Cage
A concept introduced by Max Weber to describe the increased rationalization inherent in social life, particularly in Western capitalist societies.
Macroscopic Culture
A term referring to the wide-scale cultural patterns and institutions that shape societies as wholes, as opposed to localized, individual cultural practices.
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