Which of the Following Best Illustrates the Unit of Account

question 1

Multiple Choice

Which of the following best illustrates the unit of account function of money?

• A)You list prices for candy sold on your Web site,www.sweettooth.com,in dollars.
• B)You pay for your theater tickets with dollars.
• C)You hold currency even though you don't intend to spend it right away.
• D)None of the above is correct.

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Definitions:

Latent Conflict

A dispute or tension that exists below the surface but has not yet emerged or been openly acknowledged.

Collaboration

Collaboration refers to the act of working together with one or more people to complete a project or accomplish a goal.

Conflict Management

Strategies and practices for addressing and resolving disagreements or disputes in a productive and effective manner.

Negotiation

The process of making joint decisions when the parties involved have different preferences.