Enormous Concentrations of Wealth and Power Exist in the U

question 40

Multiple Choice

Enormous concentrations of wealth and power exist in the U.S.private sector,primarily in the hands of

• A)the largest labor unions.
• B)elite political families such as the Kennedys and the Bushes.
• C)middle-class Americans.
• D)small businesses.
• E)large corporations.

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Definitions:

Current Liabilities

Obligations or debts that a company is expected to pay within one fiscal year or its operating cycle, whichever is longer.

Long-term Bank Loans

Long-term bank loans are borrowings from banks with repayment terms extending beyond one year, used for financing significant investments or operations.

Marketable Securities

Financial instruments that can be quickly converted into cash at a reasonably predictable price.

Capital Gains

The profit from the sale of assets or investments, such as shares or property, which exceeds the purchase cost.