How Does a Direct Democracy Work

question 34

Multiple Choice

How does a direct democracy work?

• A) The economic elite are the decision makers.
• B) All members of the public meet to discuss policy and make decisions.
• C) Elected representatives made decisions on behalf of the public.
• D) The public can give input, but the decisions are made by elected officials.
• E) The people elect representatives who are responsible for policymaking.

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Definitions:

FIFO

An inventory valuation method, "First-In, First-Out", where goods first bought are the first to be sold.

LIFO

Last In, First Out; an inventory valuation method where the items acquired last are the first to be sold.

Weighted-Average

A statistical method used to attribute different weights to data points or components based on their significance.

Cost Flow

Describes the manner in which costs move through a company's accounts, from the point of initial recording to their ultimate impact on financial statements.