Which of These Is Not a Characteristic of a Liberal

question 11

Multiple Choice

Which of these is not a characteristic of a liberal democracy?

• A)The judiciary and legislature constrain the power of the executive.
• B)The citizens determine the outcomes of elections.
• C)There is no written constitution.
• D)All citizens are equal under the law.

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Definitions:

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Fixed Costs

Expenses that do not change in total regardless of the level of production or sales volume.

Transfer Price

The price charged for goods or services transferred between divisions or branches of the same company.

Pump Division

A designated segment of a business focused on the production or sales of pumps.