The Only Way to Eliminate All Competition from Social Life

question 49

Multiple Choice

The only way to eliminate all competition from social life would be through:

• A)eliminating all scarcity.
• B)abolishing money.
• C)eliminating all selfishness.
• D)giving government the power to control everything.

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Definitions:

Nonvoting Preferred Stock

A type of preferred stock that does not grant the holder voting rights at the corporation’s shareholders' meetings.

Long-Term Investment

Investments in bonds, stocks, or real estate held for an extended period to achieve sustained financial growth or income.

Cash Dividend

Funds distributed to a category of shareholders from a corporation's earnings, a decision made by the board of directors, usually provided in cash.

Voting Shares

Shares that give the shareholder the right to vote on matters of corporate policy and the composition of the members of the board of directors.