Bitcoin Serves as _____

question 167

Multiple Choice

Bitcoin serves as _____

• A) a medium of exchange.
• B) a unit of account.
• C) a store of value.
• D) money.
• E) a traditional currency.

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Definitions:

Step-down Method

An accounting approach for distributing overhead expenses across different departments or products.

Personnel Department

The division within an organization tasked with managing employee-related processes including hiring, training, and benefits administration, commonly known as the human resources (HR) department.

Information Technology

The employment of computers, storage systems, networks, and various physical assets, infrastructure, and procedures to generate, process, safeguard, store, and share every type of electronic information.

Step-down Method

An allocation method used in cost accounting to assign overhead costs to different departments based on a hierarchical order.