Locke's Version of the Social Contract Theory Differed from That

question 68

Multiple Choice

Locke's version of the Social Contract Theory differed from that of his predecessor Hobbes in which way?

• A) Hobbes saw the contract as a formal written document, whereas for Locke it was a more informal agreement between the government and the governed.
• B) Locke saw the contract as a formal written document, whereas for Hobbes it was a more informal agreement between the government and the governed.
• C) Locke's version assumed the contract was a more rational choice by the governed, who could break the contract under conditions of severe governmental abuse.
• D) Locke's version assumed that the authority granted to the government by the governed was absolute and had to be obeyed under all circumstances.

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Definitions:

Adjusting Entries

Adjustments in accounting records at the end of a period to correctly distribute incomes and costs to the period they pertain to.

Prepaid Rent

Payments made in advance for rent, recorded as an asset on the balance sheet until it is consumed over time and moved to expense.

Prepaid Expenses

Payments made in advance for goods or services, which are recorded as an asset until they are consumed or used.

Accrued Revenues

Income earned but not yet received, representing goods or services that have been delivered but payment has not been collected.