A Unit of Account Is

question 122

Multiple Choice

A unit of account is

• A) anything that is generally accepted in exchange for goods and services.
• B) a common measurement in which relative values are expressed.
• C) an item's ability to hold value over time.
• D) the exchange of goods and services for other goods and services.
• E) both a and d

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Definitions:

Employment Relationship

The legal link between employers and employees that arises when a person performs work or services under certain conditions in return for remuneration.

Bilateral Negotiations

Negotiation between two parties, often used in the context of labor discussions where an employer and a labor union negotiate terms.

Employer's Authority

The power or right of an employer to direct and control their employees and make decisions about the workplace.

Democratic Principles

Fundamental beliefs and constitutional principles upon which democracy is based, including freedom, equality, sovereignty of the people, and the rule of law.