When People Keep Money for Some Period Instead of Spending

question 31

Multiple Choice

When people keep money for some period instead of spending it or investing it, money is serving the role of a

• A)medium of exchange.
• B)unit of account.
• C)store of value.
• D)standard of deferred payment.

---

Definitions:

Trait-Based Performance Appraisal

An evaluation method that assesses employees based on certain predefined characteristics or attributes they possess.

Subjective

Subjective pertains to personal opinions, interpretations, or feelings, rather than facts that can be universally observed or verified.

Reliability and Validity

The consistency and accuracy of a measurement or test, respectively.

Critical-Incident Technique

A method used in qualitative research and management to identify significant events or actions that contributed to a particular outcome, focusing on specific examples and experiences.