Read the Following Scenario and Answer the Questions Below

question 21

Multiple Choice

Read the following scenario and answer the questions below.
Northeast of Australia and northwest of Fiji lies the isolated tropical island of Tikopia. Less than two square miles in length, it supports 1,200 people and has been continuously occupied for nearly 3,000 years, with the population holding steady for much of that time. It has a two-month dry season every year and lies in the Pacific's cyclone belt, which destroys homes and gardens on an unpredictable but regular basis. Tikopia is too far away from other islands to have any regular contact; the islanders must be self-sufficient.
-One major problem Tikopians have faced and solved is how to ____________

• A)maintain a sustainable society over a long period of time
• B)organize an educated community
• C)use technology to increase population size
• D)find and exploit economically valuable resources
• E)conduct trade with far distant groups

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Definitions:

Cotton

A natural fiber and a key agricultural commodity used primarily in the textile industry for making fabrics.

Internal Auditing

The independent, objective assurance and consulting activity designed to add value and improve an organization's operations, focusing on internal controls and business processes.

Administrative Expense

Costs related to the general management and administration of an organization, such as salaries of executives and office supplies.

Period Cost

Overheads not associated with the production activities, expensed in the timeframe they arise, like sales, general, and administrative outlays.