Which of the Following Is NOT a Function of Money

question 123

Multiple Choice

Which of the following is NOT a function of money?

• A) medium of exchange
• B) form of credit
• C) store of value
• D) standard of deferred payment

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Definitions:

Direct Labor Costs

Expenses that are directly associated with the manufacturing of a product or the delivery of a service, such as wages of workers on the production line.

Factory Overhead

Indirect manufacturing costs not directly tied to individual products, encompassing expenses like factory rent, utilities, and equipment depreciation.

Work in Process Inventory

Items in a manufacturing process that are partially completed but not yet finished goods.

Raw Materials Used

The quantity of basic materials and components consumed in the production process to manufacture goods.