According to the Textbook,what Is the Main Reason That Slavery

question 45

Multiple Choice

According to the textbook,what is the main reason that slavery does not exist in most societies around the world today?

• A) It is an inefficient economic system.
• B) Slaves are too expensive to buy.
• C) Human rights became an important concept in industrial societies.
• D) A postindustrial society required a different economic system.

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Definitions:

Income Statement

A financial document that reports a company's revenues, expenses, and net income over a specific period.

Percentage of Sales Method

A financial forecasting model that assumes certain expenses and incomes will vary directly with sales.

Allowance for Doubtful Accounts

A contra-asset account that estimates the portion of accounts receivable which may not be collectible.

Bad Debts Expense

An expense account reflecting estimated uncollectible accounts receivable.