What Term Would Describe a World in Which Everyone Would

question 1

Multiple Choice

What term would describe a world in which everyone would have an opportunity to compete for higher-status positions and those most capable would be awarded the highest ranks?

• A) socialist system
• B) capitalist system
• C) democracy
• D) meritocracy

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Definitions:

Legal Consequences

The potential legal penalties or effects that may follow from actions or violations of laws and regulations.

Order-Fill Rate

A metric that measures the efficiency of a company's inventory management by calculating the percentage of customer orders fulfilled from stock on hand.

Metropolitan Area

A densely populated urban core and its less populated surrounding territories, sharing industry, infrastructure, and housing.

White-Collar Crimes

White-collar crimes are financially motivated, nonviolent crimes committed by business and government professionals, often involving fraud or embezzlement.