The Following Are All Functions of Money Except

question 52

Multiple Choice

The following are all functions of money except

• A)medium of exchange.
• B)store of value.
• C)unit of account.
• D)source of anxiety.

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Definitions:

Dropping Product

The decision made by a company to discontinue producing and selling a specific product due to factors like poor sales, strategic realignment, or cost inefficiency.

Financial Advantage

Refers to the benefits gained in financial terms, often seen as an edge over competitors or a favorable position in the market.

Special Order

A one-time customer order often involving a large quantity and possibly requiring adjustments to standard pricing or production processes.

Variable Manufacturing Cost

Costs that vary in direct proportion to changes in production volume, such as raw materials and direct labor.