What Is the Point of the Story About Mencius, King

question 105

Multiple Choice

What is the point of the story about Mencius, King Xuan, and the ox?

• A) That King Xuan is stingy for replacing an ox with a sheep, and this stinginess is why his people resent him.
• B) That King Xuan has the capacity to feel benevolence for others but still needs to extend that benevolence to his people.
• C) That King Xuan should have sacrificed the ox because that is what ritual propriety demands.
• D) That King Xuan sets a bad example for his subjects by deviating from official rituals based on his personal feelings.

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Definitions:

Discounted Note

A debt instrument sold for less than its face value that will pay the face value at maturity.

Proceeds

Maturity value less bank discount.

Contingent Liability

Liability on the part of one who discounts a note if the maker of the note defaults at maturity date.