Political Legitimacy Exists

question 27

Multiple Choice

Political legitimacy exists

• A) when the broad citizenry believes that the state exercises rightful authority.
• B) when the United Nations recognizes a state.
• C) only in democratic political systems.
• D) only in consolidated democracies.
• E) when voter turnout is particularly high.

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Definitions:

Fair Market Value

The price at which property would sell for on the open market between a willing buyer and a willing seller, both having reasonable knowledge of all relevant facts.

Corporate Opportunity

A business opportunity that a company must offer to its shareholders or members before taking it for personal gain.

Duty of Disclosure

The legal obligation to reveal all material facts or information relevant to a transaction or decision-making process.

Duty of Care

A legal requirement that demands individuals or organizations to exercise a reasonable degree of attention and caution to avoid negligence that could harm others.