What Are the Primary Functions of Money

question 243

Multiple Choice

What are the primary functions of money?

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

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Definitions:

Good Performers

Employees who consistently achieve or exceed their work objectives and contribute positively to the organizational goals.

Valid Performance Measures

The evaluation metrics that accurately and reliably reflect the true performance of an individual or organization.

Performance-Based Pay

A compensation system where an employee's pay is directly related to their performance or achievement of specific targets.

Secret Pay Policy

A strategy where an organization chooses not to disclose employees' salaries or the criteria for salary determination to avoid conflict and maintain privacy.