According to the Primary Source in This Chapter, the New

question 37

Multiple Choice

According to the primary source in this chapter, The New Class, how does Djilas describe the communist party?

• A) The party had allowed a limited amount of dissidents into its ranks to mollify public opinion.
• B) The revolution had provided for greater legal security and greater civil rights.
• C) Complete authority lay in the power of a single new class.
• D) The simplicity of the Communist system lies with its elected parliament.
• E) Under communism all political positions are open to all members of the Communist Party.

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Definitions:

Owners' Interests

The equity interest held by shareholders in a corporation, reflecting their claim on the company's assets and earnings.

Complex Capital Structure

A situation where a company has multiple forms of equity, such as common and preferred shares, which can affect earnings per share calculations.

GAAP

Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States for financial reporting.

Fully Diluted Earnings Per Share

A metric that calculates earnings per share assuming all dilutive securities such as options and convertibles have been converted to common stock.