When it is a means of paying for goods and services and discharging debts, money is referred to as a:
a. store of purchasing power
b. medium of exchange
c. standard of value
d. liquid asset
Answer: b. medium of exchange
You might also like to view...
Joan is under pressure from U.S. headquarters to seal a lucrative contract with a company in Russia. Negotiations have gone well, and Joan's knowledge of Russian culture has helped
During a dinner meeting, a Russian executive solicits a bribe. What is the highest risk Joan faces in her response to this situation? A) violating her company's code of ethics if she pays the bribe B) losing the contract if she doesn't pay the bribe C) insulting the client if she doesn't pay the bribe D) criminal charges if she pays the bribe E) losing her job if she doesn't pay the bribe
In Sidgwick's Dualism, Sidgwick calls Ethical Egoism:
a. selfishness b. prudence c. self-serving d. self-centered