Which of the Following May Accumulate Savings

question 12

Multiple Choice

Which of the following may accumulate savings?

• A)individuals
• B)corporations
• C)governmental units
• D)all the above may have savings

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Definitions:

Overt Coercion

The use of clear and open force or pressure to make someone do something against their will.

Chiefdom

A form of hierarchical political organization in pre-industrial societies ruled by a chief who typically inherits their status.

Formal Authority

The power granted to an individual or organization based on established laws, rules, or positions, enabling them to enforce rules and make decisions.

Military Rank

A hierarchical position in armed forces determining authority, duties, and status.