List the Five Criteria Necessary in Order for a Good

question 32

Essay

List the five criteria necessary in order for a good to be suitable as a medium of exchange, and explain whether Australian currency is suitable to use as a medium of exchange.
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Definitions:

Leadership Functions

The roles and responsibilities carried out by leaders to guide, direct, and influence the work and behavior of others.

Formal Leaders

Individuals who hold recognized authority positions within an organization and are responsible for guiding and directing the efforts of others.

Identity-based Subgroups

Distinctive groups formed within organizations based on shared identity attributes or characteristics, such as ethnicity, gender, or professional background.

Unbalanced Perceptions

A cognitive bias where people might overvalue or undervalue certain aspects of a situation or individual due to lack of balance in perspective.