Edward Regularly Votes for Politicians Who Promise to Do More

question 8

Multiple Choice

Edward regularly votes for politicians who promise to do more to alleviate the crushing income inequality in his country.Even though he has enough material wealth to be comfortable,he sees many of his fellow citizens suffering under low wages.He would like his government to step in and regulate the amount of wealth each person has in order to force equality of both income and wealth so that everyone becomes equal.Because this is not a popular view,he understands that the government would have to cease to be democratic in order to enforce this,but he would be willing to sacrifice that to achieve equality.His ideology could be categorized as

• A) fascism.
• B) communism.
• C) liberalism.
• D) anarchism.

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Definitions:

Operating Assets

Assets required for a company to conduct its daily business operations, including both current and long-term assets.

Margin

The difference between the sales price of a good or service and its cost, expressed as a percentage of the sales price.

Investment Centre

A segment or area of a business responsible for both its revenue and its investments.

Residual Income

The amount of income that exceeds the minimum rate of return or hurdle rate, often used in performance measurement.