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Vaselesa [24]
3 years ago
11

Weber’s concept of ____________ refers to the process where economic principles, such as efficiency and maximization of profit,

infiltrate everyday life.
Business
1 answer:
andrey2020 [161]3 years ago
3 0

Answer:

The correct answer is rationalization.

Explanation:

The concept of rationalization was given by Max Weber. According to him, rationalization is a process through which modern society is getting more and more concerned towards efficiency and predictability.

Efficiency can be defined as getting maximum results from minimum efforts, or in other words, maximum revenue from incurring minimum costs so as to maximize profits.  

In Weber's views, this economic principle is now being increasingly involved in the day to day life.

You might be interested in
Intellectual capital alludes to substantial resources and assets of a venture that are caught by traditional accounting reports.
Alex787 [66]

Answer: False

Explanation:

Intellectual capital simply refers to the intangible assets and the resources that helps in the contribution to the value of a particular company or enterprise and help such company to gain competitive advantage over its counterparts.

It should be noted that these assets and resources aren't caught by the traditional accounting reports.

The above statement means that the statement in the question is wrong. Intellectual capital are not caught by traditional accounting reports.

8 0
3 years ago
Universal Mines Inc. operates three mines in West Virginia. The ore from each mine is separated into two grades before it is shi
xxMikexx [17]

Answer:

this is a cost minimization problem, but it is missing some numbers, so I looked for similar questions (see attached PDF):

minimization equation = 20x₁ + 22x₂ + 18x₃ (costs per ton)

where:

x₁ = mine I

x₂ = mine II

x₃ = mine III

the constraints are:

4x₁ + 6x₂ + x₃ ≥ 54 (high grade ore)

4x₁ + 4x₂ + 6x₃ ≥ 65 (low grade ore)

x₁, x₂, x₃ ≤ 7 (only 7 days per week)  

using solver, the optimal solution is

2x₁, 7x₂, and 5x₃

a. The number of days Mine I should operate = <u>2 days </u>

b. The number of days Mine Il should operate = <u>7 days </u>

c. The number of days Mine III should operate = <u>5 days </u>

d. The total cost of the operation for next week = <u>$284,000</u>

Download pdf
4 0
3 years ago
Red Corporation, which owns stock in Blue Corporation, had net operating income of $200,000 for the year. Blue pays Red a divide
castortr0y [4]
I believe it’s b more than 20 percent
6 0
3 years ago
Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in
hammer [34]

Answer:

Padding estimates.

Explanation:

Padding the budget means making the budget proposal larger than the actual estimates for the project. This is done either by increasing a project's expenses or decreasing its expected revenue.

3 0
3 years ago
Suppose the Federal Reserve engages in open-market operations. It sells $20 billion in U.S. securities. It also raises the reser
klio [65]

Answer: The correct answer is "a. decrease; decrease; decrease".

Explanation: Suppose the Federal Reserve engages in open-market operations. It sells $20 billion in U.S. securities. It also raises the reserve ratio. This causes excess reserves to <u>decrease</u>, the money supply to <u>decrease</u>, and the money multiplier to <u>decrease</u>.

8 0
3 years ago
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