The Idea That Power Should Be Held by Those Who

question 47

Multiple Choice

The idea that power should be held by those who understand how the modern world works is known as

• A)technocratic legitimacy
• B)electoral legitimacy
• C)modern democracy
• D)performance legitimacy

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Definitions:

Widgets

are generic terms often used to describe any product or manufactured good in business discussions or economic examples.

Retailers

Businesses that sell goods or commodities directly to consumers.

Perfected

In legal and financial contexts, describes a security interest or claim that has been legally established and recorded, making it enforceable against third parties.

Secured Party

A lender or creditor that has a claim on assets (collateral) of the borrower if the loan is not repaid according to agreed terms.