In Order to Be Considered "Money," Paper Currency Must Be

question 98

Multiple Choice

In order to be considered "money," paper currency must be

• A)convertible into a precious metal.
• B)impossible to counterfeit.
• C)issued by a chartered bank.
• D)issued by a government agency.
• E)generally acceptable as a medium of exchange.

---

Definitions:

Job Satisfaction

The degree of pleasure an individual derives from their job, impacting their motivation and performance.

Scientific-Management

A management theory that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, by scientific methods.

Theory X

A management concept proposed by McGregor suggesting that employees are inherently lazy and need constant supervision and control to be productive.

Human-Relations Approach

A management theory focusing on the importance of interpersonal relationships and motivation for enhancing worker productivity.