What Is the "Iron Law of Oligarchy

question 3

Multiple Choice

What is the "iron law of oligarchy"?

• A) The notion that in any organization, power is in the hands of the few
• B) The idea that elites should rule society because they are better able to do so
• C) The philosophy that masses should obey because they are stupid and lazy
• D) The theory that elites get their power from manufacturing

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Definitions:

Straight-Line Depreciation

A technique for determining the depreciation of an asset through uniformly distributing its cost across its lifespan.

Operating Cash Inflow

The cash generated from a company's normal business operations, reflecting its ability to generate consistent earnings.

After-Tax Discount Rate

The rate of return on an investment after adjusting for taxes, used in net present value and other discounted cash flow analyses.

Incremental Sales

The additional sales generated by a particular business activity or decision, beyond what would have been achieved without it.