From an Economic Point of View,the Idea of Establishing a Government

question 25

Multiple Choice

From an economic point of view,the idea of establishing a government to further the will of the majority _____.

• A)means that marginal political costs and marginal political benefits are being equalized
• B)makes sense because the majority could exploit the minority
• C)does not make any sense because the majority could exploit the minority
• D)would lead to a large transitional gains trap

---

Definitions:

Customer Cost Analysis

A financial assessment to determine the cost associated with acquiring, serving, and retaining a customer, helping businesses understand the value of customer relationships.

Time-Driven Activity-Based Costing

A costing method that assigns costs to products based on the estimated time required for activities, improving accuracy over traditional ABC by using time as a key cost driver.

Customer Cost Analysis

The process of evaluating all costs involved in serving a customer, including production, shipping, and support, to determine profitability.

Tech Support Department

A division within a company focused on assisting customers with technical problems and inquiries regarding the company's products or services.