One of Rousseau's Most Radical Ideas Was That the Will

question 55

Multiple Choice

One of Rousseau's most radical ideas was that the will of the people was sacred and that government

• A)could not impose unwanted taxes.
• B)authority rested on the consent of the governed.
• C)had to respond to calls for reform.
• D)was responsible for controlling business.
• E)should be abolished.

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Definitions:

Plant Asset

Long-term tangible assets that are used in the production of goods or services and are not intended for sale.

Book Value

The value of an asset according to its balance sheet account balance, taking depreciation into account.

Fair Market Value

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

Gain on Disposal

The profit realized from the sale of assets, other than inventory, for more than their carrying amount on the books.