Examlex

Solved

Write an Essay in Which You Define and Give Examples

question 7

Essay

Write an essay in which you define and give examples of direct democracy and representative democracy. Also defend the use of representative democracy with contemporary and historical examples.


Definitions:

Net Proceeds

The amount of money received from a sale after subtracting all related expenses and costs.

Fair Value

Amount for which a security could be sold in a normal market.

Trading Securities

Securities bought and held primarily for sale in the near term to generate income on short-term price differences.

Unrealized Gain

The increase in value of an asset that has not been sold yet, therefore the gain is not reflected in the income statement.

Related Questions