All of the Following Are Necessary for Exchange to Occur

question 141

Multiple Choice

All of the following are necessary for exchange to occur EXCEPT:

• A) each party is capable of communication and delivery
• B) each party signs a contract before exchange occurs
• C) each party believes it is appropriate or desirable to deal with the others
• D) each party is free to accept or reject the exchange offer
• E) each party must have something the other party considers to be valuable

---

Definitions:

Economic Forces

Economic factors facing Canadian business today, including global trade forces and the force to increase one’s own competitiveness and productivity levels.

Global Trade

The exchange of goods, services, and capital across international borders, influenced by global economic policies and agreements.

Service Industries

Sectors of the economy that provide intangible goods or services to consumers, such as healthcare, banking, and education.

Extractive Industries

Industries, such as mining, oil drilling, and logging, that remove natural resources from the earth, often with significant environmental impact.