The Concept of ______ Suggests That Individuals Should Have the Freedom

question 81

Multiple Choice

The concept of ______ suggests that individuals should have the freedom to disobey a law enacted by people if their conscience goes against the law and they believe the law is wrong.

• A) Legal positivism
• B) Natural law
• C) Legal-realism
• D) Conscience reaction
• E) None of these

---

Definitions:

Interest Capitalization

The process of adding accrued interest to the principal balance of a loan, thereby increasing the total amount of interest to be paid over the life of the loan.

Construction Loan

A short-term loan used to finance the building of a property or real estate project, usually converting to a long-term loan after completion.

Notes Payable

Financial obligations or loans represented by a promissory note that a company needs to pay back.

Successful-efforts Method

An accounting method used in the energy industry for recognizing and capitalizing only those expenses associated with successfully locating new oil or natural gas reserves.