According to Sociologist Joe Feagin,the Iron Triangle of Power______________

question 147

Multiple Choice

According to sociologist Joe Feagin,the iron triangle of power______________.

• A)has a revolving door of money,influence,and jobs involving trillions of dollars
• B)is made up of relationships which are relatively long-lived
• C)blocks out military contractors from receiving contracts from the Defense Department and serving on the advisory committees that recommend what weapons they believe are needed
• D)does not allow people to move around the triangle from job to job

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Definitions:

Total Fixed Costs

The sum of all business expenses that remain constant regardless of production volume, such as rent, salaries, and insurance.

Variable Costs

Expenses that change in proportion to the activity of a business.

Economic Order Quantity

Orders replacements whenever inventory level falls to a predetermined point.

Inventory Level

The quantity of goods or materials held in stock by a business at a specific point in time.