In Which Type of Society Do Most People Live and Work

question 21

Multiple Choice

In which type of society do most people live and work on the land,growing crops for food and to sell?

• A) postindustrial
• B) pastoral
• C) industrial
• D) hunting and gathering
• E) agrarian

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Definitions:

Cash Budget

A financial plan that estimates incoming and outgoing cash flows over a particular period, helping manage liquidity and plan for future needs.

Debt Ratio

A financial ratio that measures the extent of a company's or individual's leverage, calculated by dividing total liabilities by total assets.

Micro-aging Schedule

A detailed plan or method for categorizing accounts receivable based on the age of the invoice, typically used to manage and prioritize collections.

Cash Budget

A financial plan that estimates incoming and outgoing cash flows over a specific period, helping businesses manage liquidity and cash reserves.