A System of Government Where Every Aspect of Society Is

question 2

Multiple Choice

A system of government where every aspect of society is tightly controlled by the ruling elite is known as what?

• A)Authoritarian
• B)Totalitarian
• C)Aristocratic
• D)Democratic
• E)Oligarchic

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Definitions:

Book Value

The value of an asset as recorded in the financial statements, calculated by subtracting any accumulated depreciation from the asset's original cost.

Straight-Line Method

Method that allocates an equal amount of depreciation over an asset’s period of usefulness.

Semiannual

Pertaining to a period of six months or occurring twice a year.

Bond Interest Expense

The cost incurred by an issuer of bonds for the interest payments made to bondholders during a reporting period.