The McDonald's System (From the McDonaldization of Society) GEORGE RITZER

question 17

Multiple Choice

The McDonald's System (from The McDonaldization of Society) GEORGE RITZER
-In Ritzer's terminology, a shop whose employees make violins by hand in the traditional manner of a craftsperson would be:

• A) an example of a part of the society untouched by the McDonald's system
• B) moderately McDonaldized because the shop probably uses an assembly-line process
• C) more like Domino's Pizza (optionally delivered) than McDonald's hamburgers
• D) anti-innovative, unprofitable, and elitist
• 43) Religious Community and American Individualism (from Habits of the Heart: Individualism and Commitment in American Life) ROBERT N. BELLAH, RICHARD MADSEN, WILLIAM M. SULLIVAN, ANN SWIDLER, and STEVEN M. TIPTON

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Definitions:

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.

Earnings Decrease

A reduction in the income a company generates from its activities, excluding extraordinary and non-recurring items.

Risk

The potential for experiencing losses or less-than-expected returns, inherent in investments and business activities.

Common-sized Financial Statements

Financial statements that present all items in percentage terms. The balance sheet items are presented as a percentage of assets, and income statement items are presented as a percentage of sales.