__________ Is a Political System in Which the Will of the Majority

question 20

Multiple Choice

__________ is a political system in which the will of the majority prevails and decisions are made to maximize the common good.

• A) Capitalism
• B) Socialism
• C) Democracy
• D) Plutocracy

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Definitions:

Extraordinary Repairs

Major repairs or expenditures that significantly prolong the useful life of an asset, beyond normal maintenance.

Annual Depreciation

The amount of an asset's cost allocated as an expense each year over its useful life, reflecting wear and tear or obsolescence.

Original Cost

The amount initially paid for an asset, not accounting for depreciation, inflation, or market value adjustments.

Short-Term Note

A debt instrument with a maturity of less than one year, used by companies to finance short-term obligations.