For an Asset to Be a "Means of Payment," the Asset

question 18

Multiple Choice

For an asset to be a "means of payment," the asset

• A) requires a double coincidence of wants.
• B) must be able to be used to settle a debt.
• C) must be valuable and backed by the government.
• D) must be used when bartering.
• E) must be valuable and backed by gold.

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Definitions:

Organization Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Informal Decision-Making Coalitions

Groups formed within organizations without official status that influence decisions through informal networks and relationships.

Formal Communication Channels

Structured pathways through which official information flows within an organization, such as memos, emails, and meetings.

Staff

The employees or personnel who work for an organization or business.