For the First Time, It Was No Longer Necessary for Everyone

question 21

Multiple Choice

For the first time, it was no longer necessary for everyone to work at producing food in

• A) pastoral and horticultural societies.
• B) industrial societies.
• C) hunting and gathering societies.
• D) subsistence economies.

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Definitions:

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using known variables to predict future cash flows, asset values, and withdrawal plans.

Time Horizon

The length of time over which an investment or a project is expected to unfold or achieve certain goals.

Securities Analysts

Professionals who evaluate and report on the financial health and prospects of companies and industries, often focusing on predicting future earnings and market movements.

Financial Projections

Estimates of future financial performance, including income, expenses, and cash flow, over a set period.