While Elites in State Societies Control Resources, Production, and Surplus

question 43

Multiple Choice

While elites in state societies control resources, production, and surplus just as chiefs do, a difference between them is __________.

• A) chiefs personally own all of these economic systems
• B) elites pay taxes rather than tribute
• C) elites retain the majority of surplus for their own use
• D) chiefs directly control their bureaucracies while elites do not

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Definitions:

Ordinary Shares

Equity securities representing ownership in a company, entitling holders to vote on corporate matters and share in profits through dividends.

Dilutive Securities

Financial instruments that could reduce earnings per share if converted to common stock, such as warrants and convertible bonds.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to some of the numbers more than others.

Ordinary Shares

Shares of a company providing ownership rights and potential dividends to holders but usually with voting rights.