Money Serves as a ________ When It Is Used to Measure

question 86

Multiple Choice

Money serves as a ________ when it is used to measure the value of goods and services.

• A) unit of accounting
• B) means of payment
• C) store of value
• D) medium of exchange
• E) standard of deferred payment

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Definitions:

Net Working Capital

A measure of a company's short-term financial health, calculated as current assets minus current liabilities.

Sales

The total revenue generated from goods or services sold by a company during a specific period, indicating the company's performance in generating business.

Project Analysis

is the process of evaluating the viability, feasibility, and profitability of a proposed project through various methods including financial analysis, risk assessment, and market research.

Account

A record that keeps track of financial transactions for a specific purpose, such as savings, checking, or investment dealings.