Examlex
Viewing a stick when it is half-submerged in water would be an example of an unfavorable circumstance according to Phillips.
Authority
The authority or capability to issue commands, make choices, and ensure compliance.
Responsibility
The state or fact of having a duty to deal with something or of having control over someone, often associated with accountability and ethical obligations.
Obligation
A duty or commitment that one is bound to by law, promise, or moral necessity.
Intermediate Term
A period of time that falls between the short term and the long term, often used to describe financial instruments or investments with maturity periods of 2 to 10 years.
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