The Unit of Account

question 232

Multiple Choice

The unit of account

• A) is a type of value stored within all assets.
• B) is an agreed measure for stating the prices of goods and services in an economy.
• C) is a type of accounting of how many currency units there are in an economy.
• D) is an accounting of the total units of goods and services produced in an economy.

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Definitions:

Primary Activities

Core actions or functions that directly relate to the creation, sale, maintenance, and support of a product or service in a business's value chain.

Support Activities

Functions or operations within a business that, while not directly contributing to the product or service, facilitate effective performance of primary activities.

Value Chain Management

The process of optimizing the steps from raw material acquisition to production, distribution, and after-sales services to add value and increase efficiency within a company's operations.

Specific Sequence

A particular order or arrangement in which events, actions, or processes occur or are arranged.