Why Is Writing Considered Key to the Development of Large-Scale

question 29

Multiple Choice

Why is writing considered key to the development of large-scale organizations, a major social change in human history?

• A) Chiefs, lords, and monarchs were able to declare their power in permanent form (writing).
• B) Ordinary people were able to communicate across greater distances of time and space.
• C) Writing allowed for record-keeping, which is necessary for large organizations.
• D) Elites gained literacy first, so they gained organizational power.

---

Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenues, indicating the company's financial performance over a specific period.

Trading Securities

Financial instruments bought and sold for the purpose of generating profits on short-term fluctuations in price.

Unrealized Gains

Profits that have been achieved on paper from investments but have not yet been sold for cash, and therefore are not reflected in the income statement.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing ownership interest.