Chapter 12 Discusses Movements That Led to Great Changes in Human

question 28

Short Answer

Chapter 12 discusses movements that led to great changes in human culture all over
the inhabited world. Did culture lead to these technological and adaptive changes or did the changes lead to changes in culture?

---

Definitions:

Residual Income

The net income that exceeds the minimum required return on investment or capital; often used as a performance measure in managerial accounting.

Investment Opportunity

An option to allocate resources with the expectation of generating a return or profit in the future.

Turnover

In business, refers to the rate at which employees leave a company and are replaced by new hires; can also refer to the total sales in a given period.

Turnover

A financial metric indicating the rate at which a company's inventory is sold and replaced over a period.