Answer:
B. Taking a friend to lunch in return of a favor
Explanation:
Barter System is direct commodity/ service to commodity/service exchange , without using money as an intermediary exchange medium . It is also called C to C exchange .
Eg : Two farmers exchanging their wheat & rice , A teacher teaching grocers' child in exchange of groceries from him .
So : A. Simple Investment , C. Money Purchase , D. Money Denomination exchange - neither are examples of Barter System .
B . Paying off a friend's favour in exchange of a service (being service-service exchange) is a relatable example.
Answer:
the correct answer is "Ongoing relationship".
Explanation:
there are several types of supplier relationships such as,
- Buy the market
- ongoing relationship
- partnership
- strategic alliance
- back ward integration
ongoing relationship is when the suppliers do business with both our business and other buyers/competitors. the size of contracts are medium to large and there is a good connection between our business and our suppliers.
Answer:
It is those who have a reasonable understanding of business and economic activities.
Explanation:
Financial information are produced for the information of the users in order to enhance their decision making ability.
In order to enhance understandability of the users, financial information should include all the necessary disclosures and be presented in a clear terms such that those who have a reasonable understanding of business and economic activities with little or no assistance f from a financial experts, can read and understand.
The consumer can derive a maximum total utility by consuming 3 units of product 'I', and 2 units of product 'M' in the given income of the consumer, which is $22.
<h3>What is total utility?</h3>
The total amount of satisfaction gained through consumption of the available products in the market by utilizing the total disposable income, is known as the total utility.
Hence, the significance of total utility to be derived by the consumer is given above.
Learn more about total utility here:
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