Irrational Ratios 1 of 5 http://www.journalofaccountancy.com/Issues/2001/Aug/IrrationalRatios... FRAUD The numbers raise a red flag. BY JOSEPH T. WELLS AUGUST 2001 inancial statements tell a story‚” says accounting professor W. Steve Albrecht‚ “and the story should make sense.” If not‚ it’s possible the story is a fake. By standing far enough back from the numbers to get a good picture of the client’s business‚ auditors frequently can detect signs of financial statement frauds
Premium Finance Fraud Generally Accepted Accounting Principles
Principles of McDonaldization George Ritzer’s book The McDonaldization of Society is based on his theory and social criticism on rationalization of society as a whole through the growth and principles of McDonald’s fast-food model of business. The book begins with an introduction chapter that describes the background of McDonalds and outlines the different chapters of the book. Chapter Two gives a history of socioeconomic developments that lead up to the creation of McDonalds including theories
Premium
McDonaldization: Health in A Fastfood Society McDonaldization‚ is the term Ritzer derived from the McDonalds’ fast food chain to describe the state of our society. Ritzer claims our social institutions have become completely dehumanized in the form of a bureaucracy. Health care is an example of one institution that is characterized by the four components of bureaucracy: efficiency‚ predictability‚ control and quantification. In the past‚ health care was more simplistic in nature. House calls
Premium Sociology Fast food Max Weber
ation McDonaldization is a search for maximum efficiency in increasingly numerous and diverse social settings. In a McDonaldized society‚ people rarely search for the best means to an end on their own. They rely on the optimum means that have been previously discovered and institutionalized in a variety of social settings. It would be inefficient if people always had to discover for themselves the most efficient way to do something. McDonaldization is almost always used in the corporate world as
Premium Sociology Fast food Max Weber
Predictability and control are major discussion points in Ritzer’s The McDonaldization of Society. These are points that have both pros and cons in regards to “irrationality of rationality” as evidenced in both the health care system and the health care debate in the United States. The “irrationality of rationality” can be described as the downside to something that is seemingly perfect‚ or seemingly rational. We must look at McDonaldization as both enabling and constraining (Giddens). The healthcare issue
Premium Medicine Health economics Health care
Modern McDonaldization George Ritzer‚ in his acclaimed sociological commentary‚ The McDonaldization of Society‚ defines “McDonaldization” as “the process by which the principles of the fast-food restaurant are coming to dominate more and more sectors of American society as well as the rest of the world” (Ritzer). Ritzer deems modern Western society an entity in which the individual in his or her natural creative‚ free-thinking state is rapidly being eclipsed by an authoritative‚ de-humanizing
Premium Sociology Fast food Max Weber
According to George Ritzer‚ in his book The Mcdonaldization of Society‚ he defines this theory of Mcdonaldization of having four main components. They are: 1.Predictability having emphasis on discipline‚ systematization and routine so that things are the same from one time or place to another. 2.Efficiency who can obtain what they need more quickly with less effort 3.Calculability being able to produce and obtain large amounts of things in a very rapid and timely fashion 4.Control this is replacing
Free Graduation Public speaking
Predictably Irrational The Hidden Forces That Shape Our Decisions book by Dan Ariely x ________________________________________ Chapter 1: The Truth About Relativity We always seek to draw comparisons‚ and we are often unaware as to how seemingly irrelevant factors such as the simple presentation of options‚ actually influence what we select. Thus‚ given three choices‚ A‚ B (very distinct‚ but equally as attractive as A)‚ and A- (similar to A‚ but inferior)‚ we will almost always
Premium Psychology Cognition Decision theory
runs even deeper. Beyond its commercial propaganda and symbolism‚ Ritzer says‚ McDonald’s is a potent manifestation of the rational processes that define modern society. Ritzer warns that the spread of such "rationalized systems" has had irrational consequences‚ not least of which is the "disenchantment of the world‚" a situation in which rationality takes over‚ leaving no room for the mysterious‚ unpredictable qualities that make us human. Ritzer’s scholarly work has been heavily influenced by
Premium Sociology Fast food Max Weber
KOREA UNIVERSITY UNDERSTANDING BUSINESS ADMINISTRATION BOOK REVIEW Predictably Irrational The hidden forces that shape our decision -Dan Ariely Reviewed by: Sanila Pradhan 11TH June‚ 2013 Predictably Irrational: The hidden forces that shape our decisions‚ by Dan Ariely. Harpercollins‚ 2009. Reviewed by Sanila Pradhan. ‘Predictably Irrational” was a very enjoyable read for me. The title of the book is very appealing therefore‚ I decided to read this book. The title of the book points its
Premium Predictably Irrational Dan Ariely Human behavior