In Any Society or Large Organization, a Small Group Will

question 79

Multiple Choice

In any society or large organization, a small group will always end up with the real power, according to

• A) Sigmund Freud's law of ego formation.
• B) Joseph-Arthur de Gobineau's principle of miscegenation.
• C) Roberto Michels's iron law of oligarchy.
• D) Vladimir I. Lenin's principle of democratic centralism.
• E) Mohandas Gandhi's principle of satyagraha.

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Definitions:

Net Asset Value

The per-share value of a mutual fund or ETF, calculated by dividing the total value of all the securities in the portfolio, minus liabilities, by the number of shares outstanding.

Liquidate Positions

The process of selling securities or other assets to convert them into cash, often done to exit a market or meet financial obligations.

Money Market Mutual Funds

Mutual funds that invest in short-term, high-quality debt securities and are designed to offer investors liquidity and a safe place to invest in the short term.

Commercial Paper

Short-term unsecured debt issued by large corporations.