Examlex
If the currency denominating a foreign bond depreciates against the firm's home currency over the lifetime of the bond, the funds needed to make coupon payments will increase.
Bureaucratic Rationalization
The process of creating an efficient organization through the rational design and organization of human activity, often associated with increased specialization and standardization of tasks.
George Ritzer
An American sociologist known for his work on consumerism, globalization, and the "McDonaldization" of society.
McDonald's
A global fast-food restaurant chain founded in 1940, known for its burgers, fries, and wide range of other quick-service meals.
McDonaldization
The process by which the principles of the fast-food industry, such as efficiency, calculability, predictability, and control, are coming to dominate more sectors of society.
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