The Annual Flooding of the Nile River

question 64

Multiple Choice

The annual flooding of the Nile River

• A)enabled Egyptian civilization to thrive by leaving deposits of fertile silt.
• B)was an unwanted event that occurred suddenly and generally without warning.
• C)did not require an organized irrigation system.
• D)produced many large urban centers that served as havens from the raging waters.
• E)inhibited the evolution of civilization in ancient Egypt.

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Definitions:

Financial Ground

The state of financial stability or condition of an individual or organization.

Operating Lease

A lease agreement for short-term leasing of assets without transferring ownership rights.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.

Financial Lease

A type of lease wherein the lessee has possession and control of an asset during its significant life but does not own the asset, effectively treating it as a loan with asset as collateral.