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Winston Churchill once said,"Democracy is the worst form of government,except for all those other forms." Explain some of the criticisms that have been made of democracy (Plato and Aristotle had some good ones),and then explain why,in spite of these issues,democracy remains a very powerful idea and ideal.
Switching
The process of changing from one product, service, technology, or supplier to another, often assessed for cost benefits or efficiency gains.
Net Present Value
A financial metric that calculates the value today of future cash flows, discounted at a particular rate.
Monthly Interest Rate
The interest rate charged on a loan or realized on an investment over a month's time period.
Credit Policy
A set of guidelines that a company follows to determine credit terms for customers, which can impact cash flow and sales.
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