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VladimirAG [237]
1 year ago
14

ritzer argues that the operating procedures perfected (but not originated) by have been duplicated in countless arenas from amus

ement parks and grocery stores to childcare companies, healthcare organizations, religious institutions, educational institutions, and entertainment industries; as a result, those procedures have seeped into the very fabric of
Business
1 answer:
mylen [45]1 year ago
3 0

Ritzer argues that the operating procedures perfected (but not originated) by <u>McDonald's</u> have been duplicated in countless arenas from amusement parks and grocery stores to childcare companies, healthcare organizations, religious institutions, educational institutions, and entertainment industries; as a result, those procedures have seeped into the very fabric of everyday life.

George Ritzer used the term "McDonaldization" to describe the process of rationalization in society. Rationalizing is an act where social norms, beliefs, and emotional drivers of behavior get replaced, aiming to achieve uniform output through a repetitive process. With this process, culture takes on the traits of a fast-food restaurant.

Learn more about McDonaldization at brainly.com/question/29310556

#SPJ4

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Once a business owner proves that a franchise is successful, his or her franchise will automatically be renewed True or False?
Usimov [2.4K]
The answer is False:)
5 0
3 years ago
Read 2 more answers
Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond
almond37 [142]

Answer:

bonds payable       1,000,000 debit

loss on redemption    20,000 debit

        discount on bonds               10,000 credit

        cash                                  1,010,000 credit

--to record tyhe call of the bonds on September 30th--

Explanation:

par value of the bonds:    1,000,000

call premium:                   <u>       10,000</u>

total cash disbusements:  1,010,000

carrying value                      990,000

loss on redemption               20,000

<u>Notice: </u>It is a loss as we are paying more than the aliability is worth

discount/premium:

face value     1,000,000

carrying value 990,000

discount             10,000

We write off the bonds account: bond payable and bon discount

we debit the loss and credit hthe cash disbursments

8 0
3 years ago
Craftmaples, a chain of handicraft stores, was established with the purpose of preserving traditional handicrafts. The company's
Tomtit [17]

Answer: Company mission

Explanation: The company mission refers to the objectives mentioned  in the mission statement of the organisation. It is a short statement which describes why the organisation exists and what are its goals. This statement also states the location of the organisation and other important factors like major customers.

In the given case, Craftmaples has the purpose of traditional handicrafts. Thus, all their operations and activities will move towards this one goal.

Hence from the above we can conclude that this case is an example of mission statement.

3 0
3 years ago
On January 1, Lorain Corporation had 2,000 shares of $5 par common stock authorized and outstanding. These shares were originall
Dovator [93]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

1. Treasury Stock                $2,400  (100 Shares × $24)

            To Cash   $2,400

(Being treasury stock is recorded)

2. Cash  Dr, $825  (25 shares × $33)

     To Treasury Stock $600 (25 shares × Cost $24)

      To Additional Paid in Capital-Treasury Stock $225

(Being the sale of acquired share is recorded)

3. Cash Dr, $550 (25 shares × $22)

Additional Paid in Capital-Treasury Stock Dr, $50

      To Treasury Stock $600 (25 shares × Cost $24)

(Being the sale of acquired share is recorded)

4. Common Stock Dr, $250  (50 Shares × $5 par value)

Additional Paid in Capital-Treasury Stock Dr, $175 (225 - $50)

Retained Earnings Dr, $775

       To Treasury Stock $1,200 ($2400 - $600 - $600)

(Being retired share is recorded)

6 0
3 years ago
Retained earnings $52,000 Accounts Payable $15,000 Supplies 37,000 Common stock 25,000 Equipment 72,000 Note payable (due in 18
Naddika [18.5K]

Answer:

$22,000

Explanation:

Current liabilities are debts that a company must pay within a twelve month period.

This company's current liabilities are:

  • Accounts payable  $15,000
  • Interest payable  $7,000

Total current liabilities = $15,000 + $7,000 = $22,000

Since the note payable is due in 18 months, it is not considered a current liability.  

8 0
3 years ago
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