Which of the Following Terms Refers to the Authority That

question 76

Multiple Choice

Which of the following terms refers to the authority that an organization gives to its members to receive and use organizational resources?

• A) enhancement rights
• B) patents
• C) property rights
• D) licenses

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Definitions:

Transactional Motive

relates to the need to hold cash for the purpose of conducting day-to-day transactions.

Precautionary Motive

The desire to hold cash or liquid assets to guard against unexpected events and emergencies, influencing how individuals and firms manage their finances.

Speculative Motive

The speculative motive is the desire to hold cash or other assets with the expectation of making a profit from fluctuations in their price or value.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.