Which Statement Correctly Describes Hunting and Gathering

question 81

Multiple Choice

Which statement correctly describes hunting and gathering?

• A) All humans began to obtain their food this way after agriculture was invented.
• B) It is a form of nomadism that disappeared in the late 1900s after the fall of the Soviet Union.
• C) This form of subsistence disappeared in the mid-1900s owing to industrialization and modernized agriculture.
• D) Hunter gatherers cannot live for long in groups of less than 100 people owing to the necessary division of labor.
• E) This form of subsistence is still practiced despite the modernization of agriculture in some areas.

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Definitions:

Adjusting Entries

Entries made at the end of an accounting period to update the accounts for items that are not recorded during the regular accounting period.

Accrued Revenues

Revenue that has been earned but not yet received in cash or recorded, representing assets on the balance sheet.

Balance Sheet Accounts

Accounts that are reported on the balance sheet and reflect the company's assets, liabilities, and equity at a point in time.

Cash Basis Accounting

A method of accounting where transactions are recorded when cash is actually received or paid, rather than when it is earned or incurred.