Around Twelve Thousand Years Ago,in What We Now Call the Middle

question 24

Multiple Choice

Around twelve thousand years ago,in what we now call the Middle East,people began to domesticate grain,a process that slowly spread around the world over the next six to seven thousand years.In 1984,8 percent of U.S.households had a computer;by 2008,that number was estimated to be above 70 percent.How do these two things relate to social change?

• A) Neither is an example of social change.
• B) Both are examples of social change, occurring at different rates.
• C) The change in agriculture was a social change, but not the change in computer ownership.
• D) The change in computer ownership was a social change, but not the change in agriculture.

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Definitions:

Accounting

An information system that provides reports to stakeholders about the economic activities and condition of a business.

Adjusting Process

The method of updating account balances at the end of an accounting period to reflect accurate financial positions.

Financial Statements

Financial statements are formal records of the financial activities and condition of a business, person, or other entity, providing an overview of a financial situation over a specified period.

Matching Principle

An accounting principle that requires expenses to be recorded and recognized in the same period as the revenues they helped to generate.