The Conversion of a Barter Economy to One That Uses

question 88

Multiple Choice

The conversion of a barter economy to one that uses money

• A)increases efficiency by reducing the need to exchange goods and services.
• B)increases efficiency by reducing the need to specialize.
• C)increases efficiency by reducing transactions costs.
• D)does not increase economic efficiency.

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Definitions:

Customer Service

The support and assistance businesses provide to their customers before, during, and after a purchase.

Scheduling

The process of planning and organizing tasks, work activities, or events by allocating resources and setting specific time frames.

Gantt Chart

A visual tool used in project management to depict project tasks against time, showing start and end dates, as well as task duration.

Scheduling Device

A tool or software used to organize, allocate, and manage tasks and events over time efficiently.