Jerome's in Class Presentation Is on the First Stage in the Evolution

question 58

Multiple Choice

Jerome's in class presentation is on the first stage in the evolution of society. Jerome will be discussing ____________societies.

• A) hunting and gathering
• B) agricultural
• C) industrial
• D) postindustrial

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Definitions:

Useful Output

The amount of finished product or completed service that is produced and considered of value to the consumer or market.

Special Journals

Customized accounting journals used for recording specific types of transactions in detail, such as sales or purchases.

Cash Receipts Journal

An accounting journal specifically for all cash inflows or receipts, including sales, loan proceeds, and interest earned.

Current Asset

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.