Use the Following Information for the Month of July for Questions

question 36

Multiple Choice

Use the following information for the month of July for questions.
-Total cost of goods sold for the month of July is

• A) $2,330.
• B) $2,530.
• C) $2,830.
• D) $2,880.

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Definitions:

Industrial Capitalism

An economic system characterized by private or corporate ownership of capital goods, production for profit, and the predominance of industrial manufacturing and services.

Government Contracts

Agreements made between a private company and the government to provide goods or services.

Mechanization

The process of using machinery and technology to perform tasks that were previously done manually.

Slave-Owning Indians

Indigenous peoples in the Americas who owned slaves, a practice influenced by European colonization.