Max Weber argued that the ascetic principles embedded in Hinduism encourage the kind of entrepreneurial activity in pursuit of wealth creation that we find in Protestantism
Indicate whether the statement is true or false.
FALSE
Max Weber, famous for expounding on the Protestant work ethic, also argued that the ascetic principles embedded in Hinduism do not encourage the kind of entrepreneurial activity in pursuit of wealth creation that we find in Protestantism. According to Weber, traditional Hindu values emphasize that individuals should be judged not by their material achievements but by their spiritual achievements.
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The market imperfections approach seeks to explain:
A. the disadvantages associated with the adoption of a completely free market view. B. why different nations import goods from other countries even when they are more capable of producing them efficiently. C. the preference for FDI over licensing by firms as a strategy to enter foreign markets. D. the benefits of exercising protectionism coupled with partial adoption of free market approach. E. the pattern of sale of products from one country to another.
Five years ago Fairfield Farms Inc. issued 20 year semi-annual coupon bonds with a 9% annual coupon rate and a $1,000 face value. If the bonds currently carry a yield to maturity of 6%, what is the current price of a bond?
A) $1,346.72 B) $1,294.01 C) $1,344.10 D) $1,291.37