What Do Communists and Socialists Have in Common

question 31

Multiple Choice

What do communists and socialists have in common?

• A) Both believe in the elimination of political opponents.
• B) Both believe that the government should control all types of economic activity.
• C) Both believe that the pricing of goods should be the responsibility of individuals.
• D) Both believe that a violent revolution is necessary to seize control over resources.

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Definitions:

Excess of Par

The amount by which a security's sale or issue price exceeds its par value.

Treasury Shares

Shares released to the public and afterward reclaimed by the issuer, cutting down the overall count of stock available on the open market.

Journalize

The process of recording transactions in an accounting journal.

Par Common Stock

Par Common Stock refers to the nominal or face value assigned to common shares in the corporate charter, which has implications for stock issuance and accounting.