The Success Story of the McDonald's Organization Explains

question 5

Multiple Choice

The success story of the McDonald's organization explains

• A)that "fast food" is really not served very efficiently.
• B)that the McDonald's idea never caught on abroad.
• C)why so many small businesses do not succeed.
• D)that the organizational principles of McDonald's have come to dominate our social life.

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Definitions:

Perfection

In finance and law, the process of securing a security interest in collateral through legal documentation and registration.

First Claim

The priority right to make a demand or assert a right before others; often used in financial contexts, such as creditors having first claim on assets.

Purchase-Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to repay a loan used to purchase the property.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make required payments.