The Political Philosophy That Views the Redistribution of Income as a Form

question 261

Multiple Choice

The political philosophy that views the redistribution of income as a form of social insurance is

• A)utilitarianism
• B)liberalism
• C)libertarianism
• D)welfarism

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Definitions:

Sales Revenue

The income received from selling goods or services over a period of time.

Actual Level

The real, observed or measured value of a variable or condition, as opposed to an estimated or theoretical level.

Flexible Budget

A dynamic budget that changes according to the business activity levels, offering a more adaptable financial planning tool.

Level of Activity

A measure of the volume of production or operations, often influencing cost behavior and used to allocate fixed costs to units of product.