Which Term Refers to a System of Government in Which

question 25

Multiple Choice

Which term refers to a system of government in which authority derives from the people?

• A) Theocracy
• B) Monarchy
• C) Oligarchy
• D) Democracy
• E) Patriarchy

---

Definitions:

Competitive Advantage

The unique advantage a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

Technological Innovations

New or improved technological products or processes that significantly advance the state of the art, within any field of technology.

Faithful Representation

A fundamental qualitative characteristic in accounting that ensures financial information accurately reflects an entity's transactions and events in a way that is complete, neutral, and free from error.

Economic Events

Actions or occurrences that have a direct economic impact on the financial position of a business, influencing its assets, liabilities, and equity.