The Philosopher Thomas Hobbes Famously Stated That Without Law, Existence

question 38

Multiple Choice

The philosopher Thomas Hobbes famously stated that without law, existence would be a "war of all against all".By that he meant:

• A)Law is necessary to keep the peace and prevent chaos.
• B)Law is a vehicle of oppression.
• C)Law discourages international conflict.
• D)Law is necessary to keep military forces in check.

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Definitions:

Short-term Speculation

Engaging in financial transactions with the expectation of achieving significant gains within a short time frame, often involving high risk.

Market Value

The price at which an asset would trade in a competitive auction setting.

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, by reporting these profits proportionate to their stake.

Dividend Policy

A company's strategy or policy outlining how often dividends will be paid out to shareholders and in what amount.