What Is Tyranny of the Majority

question 43

Multiple Choice

What is tyranny of the majority?

• A)When the minority of voters rule over the majority
• B)When the president has absolute power over the people
• C)When the majority and minority populations cooperate for the common good
• D)When the majority of voters turn to mob rule over the minority
• E)When all three branches of government abuse their powers to oppress citizens

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Definitions:

Residual Income

The net operating income that an investment center earns above the minimum required return on its operating assets.

Average Operating Assets

The average value of the assets used in the day-to-day operations of a business, calculated over a certain period of time.

Sales

The total revenue generated from selling goods or services.

Variable Expenses

Costs that vary in direct proportion with the level of production or sales volume, such as raw materials and sales commissions.