Money

question 68

Multiple Choice

Money

• A) does not have to be valuable except as a means of trade.
• B) must act as a long term store of value.
• C) must have value besides as a means to trade.
• D) all of the above.

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Definitions:

Programmed Decision-making

Decision-making methods that follow established processes or rules, often for routine or repetitive decisions.

Nonprogrammed Decision-making

The process of making decisions in response to unique, novel, or ill-structured situations that require creativity and judgment.

Product Innovation

The creation and introduction of new or significantly improved goods or services in the market.

Process Innovation

The implementation of a new or significantly improved production or delivery method, enhancing efficiency or quality.