The Emerging Tools and the Skills Needed to Use Them

question 32

Multiple Choice

The emerging tools and the skills needed to use them, which have a significant impact on social life, are called ________.

• A) nonmaterial culture
• B) cultural lag
• C) sociocultural evolution
• D) new technology

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Definitions:

Note Payable

A written agreement where a borrower promises to pay back a certain sum of money to a lender at a future date, often with interest.

Discounted

The method of calculating the current value of a single payment or a series of future payments.

Interest Periods

Specific intervals of time over which interest is calculated and paid on financial investments or charged on loans.

Rate of Return

The positive or negative return on an investment during a designated period, stated in terms of a percentage of the original investment's expense.