If a Friend of Yours Keeps Cash Hidden Under the Mattress

question 141

Multiple Choice

If a friend of yours keeps cash hidden under the mattress, he is using money as a

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

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Definitions:

Organization's Structure

The way in which a company or institution is organized, including its hierarchy, departmentalization, and distribution of roles and responsibilities.

Power Distance

A cultural dimension that reflects the extent to which inequality in power is accepted and endorsed by society and its individuals.

Groupthink

A psychological phenomenon where the desire for consensus within a group leads to irrational or dysfunctional decision-making outcomes.

Conditions

The circumstances or factors affecting the way in which people live or work, especially with regard to their safety or well-being.