Once You Have Set Up a Budget and Handled Your

question 192

Multiple Choice

Once you have set up a budget and handled your ordinary expenses, the first thing to do with any extra money you have is to

• A) start a savings plan.
• B) pay off your debts.
• C) start your own business.
• D) spend it on the things you would like but that aren't included in your budget.

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Definitions:

Power Resource Theory

A theory in political sociology that suggests the balance of power between classes, and the social and political power they hold, shapes the nature of the state and public policies.

Elite Theory

Elite theory posits that a small minority, consisting of members of the economic elite and policy-planning networks, holds the most power, and that their power is independent of democratic elections.

Pluralist Theories

Frameworks suggesting society is comprised of diverse and competing interest groups with no single group dominating, leading to a balance of power.

Pluralist Theory

A theory in sociology and political science that suggests power is distributed among many groups and interests in a society.