What Is an Oligarchy

question 47

Multiple Choice

What is an oligarchy?

• A)a system in which many people are ruled by a few
• B)a system dictated by highly specific tasks
• C)a large hierarchal organization
• D)a small organization dictated by its members

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Definitions:

Expected Monetary Value

A risk management tool that calculates the average result of various possible future events, taking both the magnitude and the probability of each possible outcome into consideration.

Expansion Options

Opportunities or flexibility built into projects or investments, allowing for growth or expansions based on future conditions.

Demand Possibilities

Demand Possibilities refers to the range of potential demand outcomes a business or market may experience, based on various factors like market trends, consumer preferences, and economic conditions.

Decision Tree

A graphical representation used to illustrate the possible outcomes of a series of related choices, enabling decision-making based on different scenarios.