Which of the Following Sequences Accurately Describes the Evolution of the Payments

question 52

Multiple Choice

Which of the following sequences accurately describes the evolution of the payments system?

• A)barter,coins made of precious metals,paper currency,checks,electronic funds transfers
• B)barter,coins made of precious metals,checks,paper currency,electronic funds transfers
• C)barter,checks,paper currency,coins made of precious metals,electronic funds transfers
• D)barter,checks,paper currency,electronic funds transfers

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Definitions:

Variable Manuf. Cost

Expenses that vary in direct relation to the amount of production, including costs like raw materials and direct labor.

Unavoidable Allocated Fixed Corporate Costs

These are fixed costs that are essential and non-avoidable, allocated across different departments or projects within a corporation.

Contribution Margin

The amount by which the sale of a product exceeds its variable costs, indicating how much contributes to covering fixed costs and generating profit.