In A(n) ______ , Positions Are Allocated to a Social

question 35

Multiple Choice

In a(n) ______ , positions are allocated to a social group or organization according to individuals' abilities and credentials.

• A) plutocracy
• B) meritocracy
• C) open class system
• D) oligarchy

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Definitions:

Late Deliveries

Instances where goods or services are provided after the expected or agreed upon delivery time, potentially causing inconvenience or breach of contract.

Cancel Contract

The act of legally terminating a contract, releasing both parties from their obligations under the contract.

Doctrine

A principle or body of principles held by a legal, political, or philosophical system, often serving as a guideline for decision-making.

Commercial Impracticability

A legal principle under the Uniform Commercial Code (UCC) that excuses a party from performing a contract when an unforeseen event makes performance extremely difficult or expensive.