Which of the Following Is an Accurate Statement About Athens

question 58

Multiple Choice

Which of the following is an accurate statement about Athens in the eighth and seventh centuries B.C.?

• A)Hereditary kings continued to dominate political life.
• B)Power was wrestled from hereditary kings by aristocrats.
• C)Merchants, enjoying profits, were satisfied with the system of law.
• D)The Draconian system introduced moderation into the legal system.
• E)Enslavement for non-payment of debt ceased to be a problem for the peasants.

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Definitions:

Interest Expense

The charges an organization incurs from borrowing funds for a certain time frame.

Capital Lease

A lease agreement in which the lessee essentially buys an asset and borrows the funds through the lease, recording the asset and the liability on their balance sheet.

Implicit Interest Rate

An interest rate inferred from leasing transactions or other contractual arrangements, calculated based on the present value of payments and the initial value of the leased asset.

Present Value Factors

A mathematical formula used to determine the present value of a series of future cash flows by applying a specific discount rate.