The Need for a Double Coincidence of Wants Is Necessary

question 104

Multiple Choice

The need for a double coincidence of wants is necessary:

• A)to use money.
• B)for barter exchanges.
• C)anytime credit cards or debit cards are used.
• D)to increase the number of exchanges taking place.

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Definitions:

Administrative Principles

Guidelines or rules that form the basis of administrative practices designed to efficiently organize and manage organizations.

Hawthorne Studies

A series of experiments on workplace productivity that highlighted the impact of social relations and worker satisfaction.

Worker Performance

The degree to which an employee accomplishes tasks and fulfills objectives efficiently and effectively, often evaluated against predetermined standards.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, organizing human needs into a five-level pyramid, from basic physiological needs to self-actualization.