Examlex
Read the following scenario and answer the question below.
Thousands of young families moved ʺover the hillsʺ and into the San Fernando Valley, a suburb of Los Angeles, after World War II. New neighborhoods were springing up, replacing orange groves and open space; roads and schools quickly sprang into existence, trying to keep pace with the rapid population growth. Ringed by beautiful mountains, the entire Los Angeles basin looked like a new, green, sun-filled paradise to the families seeking a fresh start. In the early 1950s, one of the common family chores in Los Angeles was to carry the trash out to the stone incinerator behind the garage where each family burned all of their dry trash. ʺWetʺ garbage was collected and taken to a city dump, where it was burned by the city. Everyone throughout the city either used an incinerator or burned things in an open trash pile; there were over 400,000 backyard trash incinerators. On warm afternoons, eyes would sometimes sting and burn. People would stop, close their eyes, and let the cleansing tears refresh irritated eyes. They accepted this as a normal part of life in sunny California.
-Part of the reason that peopleʹs eyes would sting was _________________
Income Sharing
An agreement to distribute earnings or profits among participants, often seen in partnership arrangements or cooperative businesses.
Gains and Losses
Financial terms referring to the money made or lost on the sale of assets, separate from the ordinary operations of the business.
Cash Distribution
The payment of earnings or capital to the members, partners, or shareholders of a company or an organization.
Income and Loss Sharing
A method of partnership where profits and losses are distributed among partners according to their agreed-upon percentages or capital contributions.
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