This year andrews achieved an roe of 14.1%. suppose the board of directors of andrews mandates that management take measures to increase financial leverage (=assets/equity) next year. assuming sales, profits, and assets remain the same next year, what effect would you expect this new leverage policy will have on andrews roe?

subjective belief; essentialist view

Explanation:

Max Weber (1864-1920) was a German sociologist. Most famous by The Protestant Ethic and the Spirit of Capitalism, he is considered one of the founders of sociology.

Weber was also one of the first sociologists to define the categories of ethnicity and race. He defined ethnicity as a group of humans beings who held the subjective belief of a common descent. However, while he defined ethnicity as social phenomenon, he still believed that races were an objective category, which could be defined and categorized according to certain innate physical and psychological traits. This understanding of race is considered an essentialist view.