In a Small Town in the Midwest,all of the Children

question 20

Multiple Choice

In a small town in the Midwest,all of the children attend the same school and most of the community members attend the same church.Everyone in this community knows everyone else,and they have shared numerous experiences with one another.This community would be characterized by Ferdinand Tönnies with the term

• A)Gesellschaft.
• B)organic solidarity.
• C)mechanical solidarity.
• D)Gemeinschaft.

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Definitions:

Depreciation Method

A systematic approach used to allocate the depreciable amount of an asset over its useful life, such as straight-line or declining balance methods.

Depletion

The systematic allocation of the cost of natural resources over the period of their extraction and sale.

Natural Resource

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Depreciable Asset

An asset that loses value over time due to usage, wear and tear, or obsolescence, which can be an expense on the income statement over its useful life.