Michels Argued That A/an ________ Exists Such That Even in Democratic

question 37

Short Answer

Michels argued that a/an ________ exists such that even in democratic organizations, be they socialist or capitalist, rule by the many will inevitably become rule by the few.

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Definitions:

Winding Up

The process of concluding a company’s operations, settling its liabilities, and distributing remaining assets to shareholders.

Novation

The act of replacing an existing contract with a new one, where a new party takes over rights and obligations that were originally held by one of the initial parties.

RUPA

The Revised Uniform Partnership Act, which is a set of laws intended to govern the operations of partnerships in the United States.

Wrongfully Dissociated

Incorrectly separating from a partnership or organization in violation of the terms or conditions of agreement.