The Main Reason Barter Is Extremely Inefficient Is That

question 101

Multiple Choice

The main reason barter is extremely inefficient is that:

• A) you have to find someone who both has what you want and wants what you have.
• B) it can have very high transactions costs associated with it.
• C) people and firms have to spend a lot of time looking for mutually agreeable trades.
• D) All of these are true.

Differentiate between goal-sharing and gain-sharing plans in terms of design, popularity, and levels of attainment.

Gain insights into the design considerations necessary for effective profit-sharing plans.

Develop an understanding of the considerations for nonmonetary reward plans.

Recognize how equity-based compensation plans differ for private versus public corporations.

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Definitions:

Linguistic Skills

The abilities involved in the use and understanding of language, including reading, writing, speaking, and listening.

Analytic Skills

The ability to analyze information or problems, break them down into parts, and make logical conclusions or decisions.

Left Half

Referring to the left side of a space, object, or body.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles.