For Max Weber most economic action rests on the best technically possible practice of quantitative calculation or accounting. What term does he use for this type of rationality?

a. Substantive rationality
b. Formal rationality
c. Multiple rationality
d. Rationalities


b. Formal rationality

Business

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If the ex-post real interest rate is 5 percent and actual inflation rate is 2 percent, the nominal interest rate isĀ _____

A. 7 percent. B. 3 percent. C. 2.5 percent. D. 2 percent.

Business

Dipen looks at photos from his birthday party and gets the impression that his brother did not want to be in the photo based on the fact that his brother was frowning. What statement about nonverbal communication is supported by this example?

a. Nonverbal messages are less convincing than verbal messages. b. Nonverbal messages communicate feelings and attitudes. c. Nonverbal messages cannot be assessed via photos. d. Nonverbal communication is more accurate than verbal messages

Business

An intensive distribution strategy serves well for ________

A) premium cars B) commercial trucks C) private label products D) industrial equipment E) newspapers

Business

The term occurrence is used to describe the number of attributes or fields pertaining to a specific entity

Indicate whether the statement is true or false

Business