What "Modern" Idea Was Advanced by Confucius Over Two Thousand

question 41

Multiple Choice

What "modern" idea was advanced by Confucius over two thousand years ago?

• A) To the victor go the spoils.
• B) A virtuous government will sadly but inevitably make its people corrupt.
• C) Government depends on the will of the people.
• D) Barbarians must not be accepted but crushed by military power.
• E) Political democracy is the only form of government.

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Definitions:

Depreciation Process

The systematic reduction in the recorded cost of a fixed asset over its useful life, reflecting its decrease in value over time.

Matching Principle

An accounting principle that dictates expenses should be recognized in the same period as the revenues they help to generate.

Market Value

The present rate at which a service or asset is available for purchase or sale in the marketplace.

Capitalized Interest

Interest expenditures included in the cost of a self-constructed asset