A Major Source of Inefficiency in Barter Economies Is That

question 157

Multiple Choice

A major source of inefficiency in barter economies is that they require

• A)a standard of deferred payment to make trade possible.
• B)a double coincidence of wants in exchange.
• C)more liquid stores of value than do monetary economies.
• D)All of the above are correct.

Understand the relationship between strategic human resource management practices and organizational performance.

Appreciate the role of environmental factors, both internal and external, in shaping training and development initiatives.

Understand the significance of aligning training and development programs with organizational strategy to enhance work engagement and performance.

Recognize the impact of technology developments on training needs within organizations.

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Definitions:

Ray-finned Fish

A diverse group of fish characterized by their fins being supported by bony spines or rays, which is distinct from the fleshy fins of lobe-finned fish.

Vertebral Column

Backbone.

Tailless

Lacking a tail, characteristic of certain animals either through evolutionary adaptation or a specific genetic condition.

Nonhuman Primates

Primates other than humans, including monkeys, apes, and prosimians, characterized by their complex behaviors and varied habitats.