1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anon25 [30]
3 years ago
11

In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be

autiful and fragile. Everyone agreed that the shells were valuable and the people utilized them in much the same way we use money today. The fragility of the shells and the fact that a shell is difficult to split into smaller denominations would make these sea shells unfit to act as money today because sea shells could not act as a ________.a. Store of Valueb. Unit of Accountc. Medium of Exchange
Business
1 answer:
RUDIKE [14]3 years ago
8 0

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(c) Unit of account

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

That's why sea shells unfit to act as money today.

You might be interested in
Which commercial lodging type is located on or near u.s. installations, is operated by a commercial lodging company, and is corp
Volgvan
<span>Which commercial lodging type is located on or near U.S. installations, is operated by a commercial lodging company, and is corporately branded? DoD Privatized Lodging. DoD stands for Department of Defense. This type of lodging is found near or on U.S. military installations and used for government travel.  </span>
6 0
3 years ago
Who must make the determination to cancel an invitation for bids after bid opening?a.Contracting officerb.Chief of the contracti
Lesechka [4]

Answer:

c.Head of the contracting activity

Explanation:

6 0
3 years ago
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same
zmey [24]

A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that all offers will probably be presented at the same time, and the seller will select among them.

Explanation:

In certain situations buyers have to consider multiple rival purchase deals. Sellers will deal with different deals in several ways.

Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.

The various bargaining tactics that you can use in multiple deals agreements are advantages and disadvantages. The low initial bid may lead to the purchase of the property you want for less than the quoted price, or may lead to the acceptance of a higher offer from another bidder.

3 0
3 years ago
When Home Movies Inc. opened stores in other countries, it increased the company's international market share. Home Movies took
olga55 [171]

Answer:

<h2>In this instance,Home Movies Inc. took advantage of market expansion opportunity to enhance market share.Hence,the correct answer is market expansion.</h2>

Explanation:

In Microeconomics,the practice of market expansion refers to the enhancement of business activities or selling of goods and services into newer sections of the market which encompasses factors such as demographic,economic,geographical,social etc.In this context,the geographical expansion of market can possibly include international markets as well as long it can comprehensively cover the desired consumer group which can lead to higher revenue generation and potential market share.It is an extremely formidable economic strategy for any business organisation or company to expand the consumer accessibility by tapping into new geographical areas in the global or international market.An effective market expansion,however, requires a thorough and considerable market research with a specific emphasis on the the potential new markets that the existing business can easily reach and the new consumer base in those markets who will most probably like the products and/or services sold by the business based on various preferential attributes.This can evidently generate immense opportunities for sales and overall economic growth.

6 0
3 years ago
Monica heard that as a general rule, she should spend no more than one week's pay on rent. If Monica's salary is $42,068 per yea
BlackZzzverrR [31]
The answer is $809. There are 52 weeks in a year, so $42,068/52 = $809.
8 0
3 years ago
Read 2 more answers
Other questions:
  • A _______ is a small number of people with complementary skills who are committed to a common purpose, set of performance goals,
    11·1 answer
  • Which of the following statements describes a recurring theme about today's ecological environment?
    12·1 answer
  • Of the steps listed below, which step comes after the other three?
    12·1 answer
  • Consider the equilibrium condition for the asset market    StartFraction Upper M Over Upper P EndFraction equals Upper L (Upper
    13·1 answer
  • Calculating and using Dual Charging Rates
    13·1 answer
  • Tiger, Inc., a calendar year S corporation, is owned equally by four shareholders: Ann, Becky, Chris, and David. Tiger owns inve
    12·1 answer
  • Tan Company is preparing the annual financial statements dated December 31 of the current year. Ending inventory Information abo
    13·1 answer
  • Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corpor
    12·1 answer
  • After a period when prices have been rising rapidly, the Federal Reserve tightens credit and over a period of 2 years, the infla
    5·1 answer
  • What is the direct labor efficiency/quantity variance for november? group of answer choices $1,800 $1,900 $2,000 $2,090 $2,200
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!