Which of the Following Is True of Fungible Goods

question 9

Multiple Choice

Which of the following is true of fungible goods?

• A) They are goods that are  not quantifiable in nature.
• B) They are goods that are always homogenous in nature.
• C) They are goods that are always noncommercial in nature.
• D) They are goods that cannot be substituted for other similar goods.

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Definitions:

Concrete Operational

A phase in Piaget’s cognitive development theory when children develop the capability to logically process information about tangible occurrences.

Logical Thinking

The process of reasoning consistently and drawing conclusions based on a systematic analysis of information.

Preoperational

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 2 and 7, characterized by symbolic thinking and egocentrism.

Theory Of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions—to oneself and others and to understand that others have beliefs, desires, and intentions that are different from one's own.