Which of These Statements Is Most Consistent with the Concept

question 105

Multiple Choice

Which of these statements is most consistent with the concept of republicanism advanced by Thomas Paine?

• A) The people of a nation are best served by a system of government that balances monarchy, aristocracy, and democracy.
• B) As individuals pursue their self-interest, they will improve not only themselves but the entire republic as well.
• C) A republic should be governed by men who have risen to positions of power because of talent and ability.
• D) The upper classes cannot speak for the ordinary people in society; therefore, the ordinary people should be allowed to participate in the political process.

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Definitions:

Operating Activities

Business activities that relate directly to the production, sale, and delivery of a company's products and services.

Depreciation

The process of allocating the cost of buildings and equipment (but not land) over their productive lives using a systematic and rational method

Accounts Receivable

Represents money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.