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High Means That People Accept Inequality in Power Among Institutions

question 3

Multiple Choice

High means that people accept inequality in power among institutions, organizations, and people.

Analyze the dynamics between social security fund collections and distributions.
Understand the basic structures and types of business firms.
Identify the conditions under which investment is more likely to occur.
Differentiate between investment in capital and consumer goods.

Definitions:

Authoritarian

A management approach where a single person makes all the decisions without much contribution from the team members.

Hierarchical

A system in which people or groups are ranked one above the other according to status or authority.

Initiative

the ability to assess and initiate things independently, often leading to new ideas or actions without being directed.

Organizational Stakeholders

Individuals or groups that have an interest or stake in the success and operations of an organization, including employees, customers, and shareholders.

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