The Most Formal of Political Organizations and One of the Hallmarks

question 56

Multiple Choice

The most formal of political organizations and one of the hallmarks of civilization,this type of political organization has a centralized government that may legitimately use force to regulate the affairs of its citizens,as well as its relations with other similar political systems.It is called a:

• A)state.
• B)band.
• C)chiefdom.
• D)tribe.
• E)nation.

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Definitions:

Working Capital

The contrast between a corporation's immediate financial resources and outstanding obligations, illustrating its short-term monetary health and effectiveness in running its operations.

Net Present Value

A method used to evaluate the profitability of an investment by calculating the difference between the present value of cash inflows and the present value of cash outflows over a period.

Capital Budgeting

The process of evaluating and selecting long-term investments that are consistent with the firm's goal of wealth maximization.

Discount Rate

The discount rate refers to the interest rate applied in discounted cash flow analysis to calculate the present value of future cash flows.