Why Is Money NOT Considered to Be an Economic Resource

question 103

Multiple Choice

Why is money NOT considered to be an economic resource?

• A) Money is produced by the Bank of Canada.
• B) Money loses its value too easily due to inflation.
• C) Money is an intangible good.
• D) Money is not directly used to produce goods and services.

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Definitions:

Organizational Culture

The collective values, beliefs, and norms that shape behaviors and practices within an organization, influencing its social and psychological environment.

Lower Turnover

The reduction in the rate at which employees leave a company, contributing to improved organizational stability and reduced costs for recruitment and training.

People-Friendly

Describes policies, environments, or products that are designed to be beneficial or easy to use for people.

Learning Organization

An organization skilled at creating, acquiring, and transferring knowledge, and at modifying its behavior to reflect new knowledge and insights.