One of the Most Important Changes in Human History Was

question 48

Multiple Choice

One of the most important changes in human history was the shift to which of the following?

• A) Capitalist mode of production
• B) Cultural mode of production
• C) Socialistic mode of production
• D) Agricultural mode of production
• E) Industrial mode of production

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Definitions:

Accounts Receivable

The amount due to a company from its clients for goods or services that have been dispatched or consumed, but payment has not been received.

Capital

The assets, including money, that a person or organization possesses or has available for specific uses like launching a business or making investments.

Cash

Represents money or any instrument that banks accept for deposit and immediate credit to a company’s account, such as checks or money orders.

Expenses

Costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.