How Did Many Native American Groups Supplement Their Incomes After

question 21

Multiple Choice

How did many Native American groups supplement their incomes after being placed on reservations?

• A) They sold arts and crafts.
• B) They became storytellers.
• C) They taught their language to Westerners.
• D) They sold off their land.

---

Definitions:

Periodic Inventory System

An inventory system that updates inventory records at specific intervals, requiring physical counts to determine inventory levels.

Cost Of Goods Sold

Direct expenditures linked to the production of goods sold by a business.

LIFO Basis

A method of inventory valuation where the last items placed into inventory are the first ones taken out for cost of goods sold calculations.

Periodic Inventory System

An inventory accounting method where inventory levels are updated and physical counts are conducted at specific intervals.