Capitalism Stimulates Social Change in an Unprecedented Way Because It

question 33

Multiple Choice

Capitalism stimulates social change in an unprecedented way because it

• A) promotes constant revision of the technology of production,which increasingly draws religion into the process.
• B) involves ever-increasing equality.
• C) involves the constant expansion of production.
• D) grants workers the means of production.

---

Definitions:

Adjusting Entries

Accounting records finalized at the close of an accounting period to properly assign income and expenses to the period they truly belong to.

Annual Accounting Period

A 12-month time span used by businesses for financial reporting and accounting purposes.

Chart of Accounts

A systematic listing of all ledger account names and numbers used by a company, organized by the assets, liabilities, equity, revenue, and expenses.

Closing Entry

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.