Early Settlers of the New World Relied Heavily on Barter

question 69

Multiple Choice

Early settlers of the New World relied heavily on barter because

• A) they found barter more convenient than the use of money.
• B) strict laws limited the number of coins that could be brought into the colonies.
• C) money had not yet evolved.
• D) they wanted to protest against British control of the banking system.

---

Definitions:

Scenario Planning

A strategic planning method that organizations use to visualize and prepare for various future conditions or events.

Qualitative Forecasting

Prediction methods that rely on expert judgments and non-numerical information, often used for making long-term assessments.

Organizational States

Different phases or conditions in which an organization operates, reflecting its growth, stability, or decline.

Trend Analysis

The practice of collecting data and attempting to spot a pattern, often used in financial markets, but also applicable in analyzing operational and business metrics.