For Something to Serve as Money, It Must Be

question 496

Multiple Choice

For something to serve as money, it must be

• A) backed by the authority of the government.
• B) generally accepted by buyers and sellers.
• C) light, durable, and common.
• D) convertible to gold.

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Definitions:

Indirect Factory Wages

Wages paid to workers who are not directly involved in production, such as maintenance staff and supervisors.

Selling And Administrative

Expenses related to the selling of products and the management of business operations, not directly tied to production.

Supervisor Salaries

The compensation paid to employees who oversee and manage other workers or operations within a company.

Maintenance

The work done to keep machinery, equipment, or a structure in a condition of efficiency or safety through routine checks, repairs, and cleaning.