In Order for Any Given Commodity to Be Considered Money,it

question 167

Multiple Choice

In order for any given commodity to be considered money,it has to

• A)be issued and controlled by some government institution.
• B)have some intrinsic value.
• C)be generally acceptable as a means of payment.
• D)be convertible into gold or silver.
• E)be used in barter transactions.

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Definitions:

Preferred Suppliers

Vendors that are given priority due to their reliable quality, service, or pricing.

Unnecessary Duplication

Redundant processes or activities that do not add value, leading to inefficiency and wasted resources.

Refusal To Accept Shipments

The act of rejecting delivery of goods or products, typically due to issues related to quality, accuracy, or terms of a contract.

Buyer-supplier Satisfaction Matrix

A tool used to evaluate and improve the relationship between buyers and suppliers by mapping out satisfaction levels of both parties.