Locke's Version of the Social Contract Theory Differed from That

question 68

Multiple Choice

Locke's version of the Social Contract Theory differed from that of his predecessor Hobbes in which way?

• A) Hobbes saw the contract as a formal written document, whereas for Locke it was a more informal agreement between the government and the governed.
• B) Locke saw the contract as a formal written document, whereas for Hobbes it was a more informal agreement between the government and the governed.
• C) Locke's version assumed the contract was a more rational choice by the governed, who could break the contract under conditions of severe governmental abuse.
• D) Locke's version assumed that the authority granted to the government by the governed was absolute and had to be obeyed under all circumstances.

---

Definitions:

Two-Transaction Perspective

An approach in accounting that views a transaction involving foreign currencies as two separate events: one for the initial transaction and another for the currency exchange.

Government-Wide Financial Statements

Comprehensive financial reports presenting the financial condition and results of operations for all activities of a government entity.

Governmental Fund Financial Statements

Governmental fund financial statements provide detailed information about the financial activities of governmental funds, including resources allocated to governmental functions and services.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.