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:

High Interest Debt

Debt that carries a particularly high interest rate, often significantly increasing the cost of borrowing.

Balance Sheet

A document that presents a summary of a company's financial assets, debts, and shareholders' equity at a certain point in time.

Profitable Investment

An investment that generates a financial gain or profit, exceeding the initial cost of the investment over time.

Economic Benefits

The advantages or gains received from actions or decisions made in terms of increased income, cost savings, or improved financial health.