Avery Needs to Purchase a New Computer for School

question 22

Multiple Choice

Avery needs to purchase a new computer for school. He looks at two laptops that have 18-inch screens, 16 GB of memory, and DVD/CD drives. One costs $850 and the other costs $700. Avery can use the prices of the laptops to determine which is a better deal. Which function of money does this illustrate?

• A) unit of account
• B) measure of value
• C) medium of exchange
• D) store of value

---

Definitions:

Semiformal Tools

Tools or methods that combine formal and informal elements, usually used to streamline processes or improve efficiency in an organizational context.

Supplier Evaluation

The process of assessing and reviewing a supplier's performance and capacity to meet contractual obligations and quality standards.

Defects Measurement

The process of identifying, quantifying, and analyzing defects in products or services to improve quality and customer satisfaction.

Buyer-supplier Network

A system of organizations, people, technology, activities, information, and resources involved in moving a product or service from supplier to buyer.