The Idea That Individuals Should Have the Same Opportunity for Success

question 33

Multiple Choice

The idea that individuals should have the same opportunity for success, is referred to as ________________.

• A) equality of opportunity
• B) social equality
• C) economic equality of results
• D) religious equality
• E) political equality

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Definitions:

Buildings

Physical structures used for business operations or investment, considered as fixed assets on a company's balance sheet.

Partial Equity Method

An accounting method that recognizes the initial investment at cost and incorporates the investor's share of the investee's net income or losses to some extent, not fully as in the full equity method.

Noncontrolling Interest

A minority share of ownership in a subsidiary that is not enough to control its operations, held by investors outside of the parent company.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's financial performance over a specified period.