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Thomas Hobbes | Of the Natural Condition of Mankind as Concerning Their Felicity and Misery; Of the First and Second Natural Laws and of Contracts
Hobbes first discusses the state of war in which men live before a common power can bring them together in civil society. By virtue of the natural and fundamental laws of nature, peace and cooperation can be attained only when man is willing to renounce a right to benefit someone else. A contract is the mutual transferring of right. Only then can lawful and just civilization develop.
-According to Hobbes, men are generally ___________ in both faculties of body and mind.
Profitability
A measure of the efficiency of a company in generating profits from its operations, typically evaluated through various financial ratios.
Asset Turnover
A financial ratio that measures the efficiency of a company's use of its assets to generate sales revenue.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by average accounts receivable.
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