What German Thinker Argued That Any Organization, No Matter How

question 67

Multiple Choice

What German thinker argued that any organization, no matter how democratic its intent, ends up run by a small elite?

• A)Thomas Hobbes
• B)Robert Michels
• C)C) Wright Mills
• D)Robert Dahl

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Definitions:

Plan Sponsor's Balance Sheet

A financial statement that shows the financial condition of an entity that sponsors a retirement plan, including assets, liabilities, and net worth.

Accumulated Postretirement Benefit Obligation

The estimated total future postretirement benefits that a company is expected to pay, recognized as a liability.

Pension Liability

The present value of the future retirement benefits that an employee has earned up to date, representing an obligation of the employer to provide pension benefits to its employees.

Projected Benefit Obligation

Projected Benefit Obligation (PBO) is an actuarial valuation that estimates the total amount a company expects to pay for employee pension benefits in the future.