Which of the Following Applies to an Object Serving as a Store

question 26

Multiple Choice

Which of the following applies to an object serving as a store of value?
I. If an object can be held and exchanged later for a good or service, it serves as a store of value.
II. The less stable an objectʹs value, the better it serves as a store of value.
III. A work of art can serve as a store of value.

• A) I and II
• B) I and III
• C) I, II and III
• D) I only

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Definitions:

Local Situation

The specific conditions, attributes, and set of circumstances that prevail in a particular area or environment at a given time.

Organizational Culture

The collective principles, convictions, and standards that affect how workers within a company perceive, experience, and act.

Shared Beliefs

Common values or convictions held by a group of people or within an organization.

Behaviour Guide

A set of recommendations or rules designed to influence or direct how individuals act in specific situations.