Which of the Following Is an Example of a Barter

question 28

Multiple Choice

Which of the following is an example of a barter transaction?

• A)An individual pays her electric bill with a check.
• B)An individual pays her electric bill with currency.
• C)An individual provides three light bulbs to her neighbor in exchange for two gallons of milk.
• D)An individual deposits three twenty-dollar bills in her checking account.

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Definitions:

Pareto's Law

A principle stating that a small proportion of causes is responsible for a large portion of the effect, often summarized as 80% of effects come from 20% of causes.

80/20 Principle

The 80/20 Principle, also known as the Pareto Principle, is the idea that roughly 80% of effects come from 20% of causes, often observed in business, economics, and various other fields.

"Should Do" Objectives

Goals or aims that are considered important and beneficial for an individual or organization to attempt to achieve, though they might not be critical.

Planning Horizon

The time period over which an individual or organization projects, plans, and makes decisions for future actions.