Ike Is Learning About Societies in Which Machines Are Used

question 57

Multiple Choice

Ike is learning about societies in which machines are used to help workers do their jobs more efficiently. Ike is learning about ___________societies.

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

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Definitions:

Measurement of Reserves

The process of estimating the quantities of economically recoverable resources available in a company’s reserves, important for industries like oil and gas.

Intangibles

Non-physical assets owned by a business, such as patents, trademarks, and goodwill, that have value but cannot be touched or seen.

Drilling Rights

Legal permissions or licenses granted to individuals or companies to explore for and extract minerals, oil, or gas from the land.

Exploration Licenses

Exploration licenses grant the right to explore for natural resources, such as oil, natural gas, or minerals, in a designated area.