For James Madison, the Notion That Government Is Necessary Depended

question 29

Multiple Choice

For James Madison, the notion that government is necessary depended mainly on

• A) his belief that people are self-interested and would, without government, descend
• Into anarchy.
• B) his belief that direct democracy was the only legitimate way to make collective decisions.
• C) his desire for the United States to serve as a functioning colony of Great Britain.
• D) his view that people were willing to sacrifice freedoms to make democracy work.

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Definitions:

Firm Value

The monetary value assigned to a business entity, influenced by its operational performance, future earnings, and market conditions; essentially a measure of its worth in the marketplace.

Pre-Tax Salvage Value

The estimated resale value of an asset before taxes are considered, at the end of its useful life.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, reflecting a constant rate of expense over time.