Which of the Following Best Describes a Double Coincidence of Wants

question 94

Multiple Choice

Which of the following best describes a double coincidence of wants?

• A)You have what another wants and you want what they have.
• B)Two buyers want the same good.
• C)Neither buyer wants a good.
• D)A buyer and a seller rather than two buyers or two sellers must meet.
• E)None of the above answers is correct.

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Definitions:

Job Enlargement

The process of increasing the variety and number of tasks that an employee performs, aiming to add diversity to activities to reduce monotony and enhance job satisfaction.

Job Rotation

A work arrangement where employees rotate through a variety of positions within an organization to learn different jobs and gain a broader understanding of the business.

Departmentalization

The process of dividing an organization into different departments, which perform specific tasks or roles.

Work Simplification

The process of analyzing work processes and implementing methods to reduce complexity, increase efficiency, and improve productivity.