Read the Following Scenario and Answer the Questions Below

question 24

Multiple Choice

Read the following scenario and answer the questions below.
Early People and Agricultural Beginnings
Long ago, two sisters were talking as they returned from their morning trip to collect mushrooms, seeds, berries, and green leaves for the day's meals. The younger woman was watching the progress of a small rabbit as it hopped across the path and toward the clan's trash midden (refuse heap) , where broken tools (made of bone, stone, or shell) were tossed, and where discarded food was thrown. She noticed the rabbit stop and begin nibbling at the many new, green shoots sprouting across one side of the midden. She walked over to look, and she saw that some of last year's discarded dried fruits were growing. Surprised and interested, she called her sister over to discuss this find.
-This is the story of a group whose food _____________

• A)is traded between tribes for variety
• B)is supplied by hunters and gatherers
• C)is supplied by subsistence gardening
• D)is raised in a form of primitive agriculture
• E)is supplied by hunters

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Definitions:

Sunk Cost

Costs that have already been incurred and cannot be recovered or reversed.

Incremental Overhead Costs

Additional overhead expenses directly resulting from a specific business decision or activity.

Relevant Costs

Costs that should be considered when making decisions because they will be affected by the decision.

Markup Percentage

The percentage difference between the cost of a good or service and its selling price, indicating the gross profit margin.