Because Farming Requires Regular Access to Land, Farming Societies Tend

question 21

Multiple Choice

Because farming requires regular access to land, farming societies tend to be __________.

• A) nomadic
• B) imperialistic
• C) state level societies
• D) sedentary

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Definitions:

Contribution Format

An income statement format that separates fixed costs from variable costs, making it easier to see the contribution margin.

Income Statement

An account that displays the earnings, costs, and overall profit of a business for a given period.

Margin Of Safety

The difference between actual sales and break-even sales, indicating the cushion a company has before it incurs a loss.

Contribution Format

A type of income statement where costs are divided into variable and fixed, highlighting the contribution margin.