On the Small Island Nation of Tamazia, the Small but Elite

question 26

Multiple Choice

On the small island nation of Tamazia, the small but elite group of purple-spotted Tamazians, who own most of the land on the more fruitful north side, have invaded the less productive southern sections of the island.Now they have taken control of all political institutions.Consequently, the pink-spotted and green-spotted Tamazians who make up the majority of the island inhabitants have to submit to the will of the purple-spotted Tamazians.This new government on the island nation of Tamazia would most correctly be classified as

• A)oligarchic.
• B)autocratic.
• C)democratic.
• D)constitutional.
• E)totalitarian.

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Definitions:

Statement of Cash Flows

This document details the combined amount of cash a business gains from its day-to-day operations and outside investments, and the cash it expends on operating and investing activities over a particular period.

Indirect Method

A method of calculating cash flows from operating activities in the cash flow statement by adjusting net income for changes in non-cash accounts.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not considered cash equivalents.