Which Is NOT a Necessary Characteristic for Something to Be

question 14

Multiple Choice

Which is NOT a necessary characteristic for something to be accepted and used as money?

• A) It is easily standardized.
• B) It must have the words legal tender on it.
• C) It is divisible.
• D) It is generally accepted by society.

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Definitions:

Constrained Resource

A limited capacity resource that restricts an organization's ability to meet production demands or goals.

Financial Advantage

The benefit or upper hand that a business or individual gains by optimizing financial decisions and resource allocations to enhance wealth or profitability.

Profitable Product

A product that generates more revenue than the costs associated with producing and selling it.

Variable Costs

Expenses that fluctuate with changes in production volume or business activity levels.