Cultures in Which Individuals Are Encouraged to Put Time and Energy

question 142

Multiple Choice

Cultures in which individuals are encouraged to put time and energy into projects that will benefit only themselves are best described as:

• A) primitive
• B) collectivistic
• C) individualistic
• D) idealistic

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Definitions:

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, giving the holder a right to the property if the obligation is not met.

Real Property

Land and anything permanently attached to it, such as buildings or trees.

Principal Debtor

The primary individual or entity legally obligated to repay a debt or loan.

Capacity

In legal context, it refers to the ability of an individual to understand the nature and effects of one's actions, including the ability to make contracts or execute wills.