Thomsen's Three-Age System Reflected a View of Cultural Evolution That

question 4

Multiple Choice

Thomsen's three-age system reflected a view of cultural evolution that can best be characterized as:

• A) unilineal
• B) multilineal
• C) cyclical
• D) biblical

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Definitions:

Open Account

A credit arrangement where the buyer pays the seller for goods or services at a later time, without the need for a formal loan agreement.

Owner's Equity

The total value of assets owned by the proprietorship after all debts and liabilities have been settled; essentially the net worth of a company.

Liabilities

Financial obligations or debts owed by a business to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Assets

Assets are possessions or property that a company owns or controls, anticipated to yield benefits in the future.