The Use of Money Makes Us More Efficient Because

question 95

Multiple Choice

The use of money makes us more efficient because:

• A) we spend more time trading and more time producing.
• B) people can specialize in what they do well.
• C) with money we borrow less.
• D) money increases in value over time.

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Definitions:

Technological Uncertainty

The state of ambiguity or unpredictability regarding technological development, adoption, and its impacts on markets and operations.

Operations Manager

A professional responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services.

New Technology

The latest advancements in technical methods, tools, or systems that can transform processes, increase efficiency, or introduce new capabilities.

Organizational Response

The way an organization reacts or replies to internal or external events, challenges, or stimuli.