A(n)______ Is a Tool That People Use to Coordinate Their

question 37

Multiple Choice

A(n) ______ is a tool that people use to coordinate their actions to obtain something they seek or value.

• A) union
• B) subunit
• C) stateless corporation
• D) structure
• E) organization

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Definitions:

Merchandise Inventory

Goods and products that a firm holds with the intent to sell them as part of its business operations; considered a current asset on the balance sheet.

Perpetual Inventory System

A method for accounting inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

MasterCard

A multinational financial services corporation that facilitates electronic funds transfers globally, primarily through its branded credit and debit cards.

American Express

A global financial services company recognized for its services in credit cards, charge cards, and traveler's cheque operations.