Basil Is Working on a Project for His Class on Human

question 210

Multiple Choice

Basil is working on a project for his class on human development.He is doing research on a period of time in which females cared for the young and were charged with gathering edible plants while males spent their days scavenging and hunting.What social and economic system is Basil describing?

• A)hunter-gatherer
• B)maternals-paternals
• C)Mexico in the 1950s
• D)Nigeria in the 2010s

---

Definitions:

Completed-Contract Method

An accounting technique where revenue and expenses of a long-term contract are recorded only when the project is completed.

Construction In Progress

An accounting term for the financial balance of construction costs attributed to assets under construction that have not yet been completed.

Realization

The process of converting non-cash assets into cash or recognizing revenue when goods or services are delivered, generating measurable income.

Noncash Resources

Assets or resources that do not have a direct cash value or cannot be easily converted to cash, such as goodwill, patents, and trademarks.