_____ Is a Form of Government in Which One Person

question 130

Multiple Choice

_____ is a form of government in which one person or political party exercises absolute control over all spheres of human life,and opposing political parties are prohibited.

• A)Capitalism
• B)Totalitarianism
• C)Democracy
• D)Collectivism

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Definitions:

Accounts Payable

Money owed by a company to its creditors for goods or services that have been delivered but not yet paid for.

Shortage Costs

Expenses incurred when demand exceeds supply, including lost sales and the cost of expedited orders or production to meet demand.

Restrictive Financing Policy

A financial strategy that involves maintaining lower levels of current assets or using more short-term financing to fund those assets, aiming to reduce costs but increase risk.