The term "capitalism" refers to which of the following?a)A religion based on amassing capital.b)An economic system characterized by private ownership of resources, and decentralized market allocation.c)An economic system characterized by government ownership of resources and centralized allocation.d)None of the abovCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

'term' can have multiple meanings depending on the context in which it is used. Here are a few:

1. A word or phrase used to describe a particular thing or concept. Example: The term 'global warming' refers to the increase in the Earth's average surface temperature caused by human activity.

2. A specific period of time. Example: The school term starts in September and ends in June.

3. The length of time for which a contract or agreement is valid. Example: The insurance policy has a term of one year.

4. A condition or requirement that must be met in order to achieve something. Example: One of the terms of the loan agreement is that the borrower must make regular payments on time.

5. A mathematical expression consisting of numbers, variables, and/or operators. Example: The term '3x' is a linear term in the equation y = 2x + 5.

Answer

'term' can refer to a variety of different things, depending on the context in which it is used. Some possible meanings of the term include:

1. A word or phrase that has a specific meaning or definition within a particular field or discipline. For example, 'paradigm' is a term commonly used in academic discussions of philosophy and science.

2. A period of time, often specified by a start and end date. For example, 'the summer term' might refer to the period of time during which a school or university is in session over the summer months.

3. A condition or requirement that must be met in order to achieve a particular goal or outcome. For example, 'passing the final exam is a necessary term for graduating from the program.'

4. A legal agreement or document that outlines the terms and conditions of a particular transaction or arrangement. For example, a lease agreement might include terms related to rent, security deposits, and maintenance responsibilities.

5. In grammar, a term can refer to a part of a mathematical or logical expression.

Top Courses for CA CPTView all

Quantitative Aptitude for CA Foundation

Principles and Practice of Accounting

Business Laws for CA Foundation

Business Economics for CA Foundation

Mock Tests & Past Year Papers for CA Foundation

Top Courses for CA CPT

Top Courses for CA CPT

Suggested Free Tests

Related Content

CA Foundation Courses

Other Courses

How To Prepare?

Other Exams

Company