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.

---

Definitions:

External Complexity

The degree of complexity in a project that arises from factors outside the organization, such as market conditions or regulations.

Project Management

The application of processes, methods, skills, knowledge, and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.

Available Resources

Refers to the tools, personnel, time, and other assets that are accessible and can be utilized to achieve project objectives.

Risk Mitigation

Strategies and approaches used to reduce or control the probability and impact of negative events or risks on a project.