Societies Tend to Face a Tension Between Which Two Needs

question 86

Multiple Choice

Societies tend to face a tension between which two needs?

• A) individual responsibility and public safety
• B) governmental responsibility and public safety
• C) order and liberty
• D) order and chaos

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Definitions:

Pledged

Assets that are promised or committed as security for the fulfillment of a debt or an obligation.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Collateral

Collateral is an asset that a borrower offers to a lender to secure a loan. If the borrower fails to repay the loan, the lender has the right to seize the collateral.

Line of Credit Agreement

A legal agreement between a financial institution and a borrower that establishes a maximum loan balance that the lender allows the borrower to access.