Money Serves the Following Function(s)

question 2

Multiple Choice

Money serves the following function(s) :

• A) Medium of exchange
• B) Store of value
• C) Unit of account
• D) All of the above

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Definitions:

Pay Systems

The framework within an organization that determines how employees are compensated, including salaries, bonuses, raises, and incentives.

Accounting Results

The outcomes derived from the accounting processes, including financial statements and reports that reflect the financial performance and condition of an entity.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments.

Profitable Projects

Projects that generate a financial gain or benefit exceeding their costs and investments.