Bureaucracy That Leads to the Concentration of Power in the Hands

question 122

Multiple Choice

Bureaucracy that leads to the concentration of power in the hands of a few people illustrates the

• A) iron law of oligarchy.
• B) preventive checks theory of bureaucratic development.
• C) Peter Principle.
• D) law of the informal group.

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Definitions:

Capital Contribution

The money or other assets given to a company by its owners or shareholders to support its operations and growth.

Profits and Losses

A financial statement or section of a financial statement that shows a company's revenue, costs, and expenses over a specific period, indicating net profit or loss.

Limited Partnership

A form of partnership consisting of one or more general partners who manage the business and are personally liable for its debts, and one or more limited partners who invest capital but have limited liability and do not participate in management.

Unincorporated Business Association

A business entity where two or more persons come together for a commercial purpose without forming a corporation.