In Order for Barter to Occur,traders Must Have a

question 96

Multiple Choice

In order for barter to occur,traders must have a

• A)unit of account.
• B)coincidence of wants.
• C)medium of exchange.
• D)central banking facility.

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Definitions:

"Command-And-Control"

A management style characterized by strict authority, hierarchical control, and clear division of tasks.

Human Capital

The aggregate of abilities, expertise, and non-material assets held by people that can generate economic benefits for themselves, their employers, or their society.

Ethical Behavior

Acting in ways consistent with what society and individuals typically think are good values, such as honesty, fairness, and integrity.

Working Independently

The ability to perform tasks and make decisions without direct supervision, often implying self-motivation and discipline.