Read the Four Statements Below

question 15

Multiple Choice

Read the four statements below.Which of them is NOT evidence of the process called the "McDonaldization" of society?

• A)Bank tellers are being replaced with automatic teller machines (ATMs).
• B)People shop in carefully designed, climate-controlled malls.
• C)Colleges select students in terms of applicants' grades and test scores.
• D)Many new jobs demand creativity and imagination.

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Definitions:

Discounted

The reduction applied to the face value or current price of an item or financial instrument, taking into account factors such as time, interest rate, and risk.

Rate of Return

The profit or deficit from an investment during a certain timeframe, represented as a portion of the investment's starting price in percentage terms.

Simple Interest

A financial term referring to a method of calculating the interest charge on a loan or investment based on the original principal amount, the interest rate, and the time the loan or investment is made for.

Guaranteed Investment Certificate

A secure investment that guarantees to return the principal plus interest at a specified rate over a fixed period.