When We Measure and Record Economic Value,we Use Money as the

question 27

Multiple Choice

When we measure and record economic value,we use money as the

• A)liquid asset.
• B)medium of exchange.
• C)unit of account.
• D)store of value.

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Definitions:

Manufacturer

A business entity or individual that makes finished products from raw materials through various processes, tools, and machinery, often on a large scale.

Blu-ray Disc Manufacturer

A company that produces Blu-ray discs, a digital optical disc storage format designed for high-definition video and data storage.

Costs

The monetary value that must be paid or expended to obtain goods, services, or assets, encompassing a wide range of expenses in business.

Cost Of Goods Sold

The direct expenses incurred in making the goods a company sells.