Francis Fukuyama Has Argued That We Are Now at "The

question 34

Multiple Choice

Francis Fukuyama has argued that we are now at "the end of history," by which he means:

• A) world capitalism will be destroyed before the year 2050
• B) free-market capitalism and liberal democracy represent the highest stage of human progress
• C) history is primarily an irrational process that is impossible to understand

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Definitions:

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Positioning Strategy

A marketing strategy that aims to establish a brand or product in the mind of the target audience relative to competitors.

Indoor Lighting Fixtures

Lighting units designed for use inside buildings that enhance functionality, atmosphere, and aesthetic appeal of interior spaces.