Which of the Following Results from the Introduction of Money

question 127

Multiple Choice

Which of the following results from the introduction of money for use in transactions?

• A)exchange becomes easier and this promotes the specialization of labour
• B)an increased use of barter
• C)the specialization of labour becomes more difficult
• D)self-sufficiency is assured
• E)society is able to satisfy all wants

Grasp the concept of Management by Objectives (MBO) and its steps, including setting objectives, developing action plans, and performance appraisal.

Appreciate the significance of establishing measurable objectives in the MBO process to ensure clear, achievable goals.

Understand the concept of a project life cycle, including its stages from conceptualization to termination.

Recognize the relationship between project management and organizational response to uncertainty and change.

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Definitions:

Bidirectional

Capable of moving or functioning in two opposite directions.

Basic Law

A fundamental principle or rule that forms the foundation of a system of beliefs, behavior, or reasoning, often referring to the essential laws of a scientific discipline.

Physics

The natural science that studies matter, its motion and behavior through space and time, and the related entities of energy and force.

Like Charges

Charges that are the same (either both positive or both negative) and repel each other according to Coulomb's law.