Which of the Following Types of Society Is a Meritocracy

question 84

Multiple Choice

Which of the following types of society is a meritocracy consistent with?

• A)an ascription-based society
• B)an achievement-based society
• C)a horizontally based society
• D)a cyclically based society

Understand the procurement process in project management, including solicitation, requests for quotes, and selection criteria.

Understand the significance and process of supplier's final obligations in project management.

Grasp the concept and rationale behind outsourcing decisions in projects.

Acquire knowledge on assessing potential bidders' financial status.

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Definitions:

Administrative Burden

The costs associated with regulatory compliance, paperwork, and bureaucratic procedures that organizations must bear.

Tax Laws

Legislation and regulations governing the collection of taxes by authorities to fund public services and infrastructure.

Efficient Tax System

A tax framework that maximizes revenue without discouraging economic activity or putting undue burden on taxpayers, ensuring fairness, compliance, and minimal distortion in economic decisions.

Revenue Collection

Revenue collection is the process by which governments or organizations collect money, often in the form of taxes, duties, or fees, from individuals or businesses.