Whatever a society uses as money, the distinguishing characteristic is that it must a. be generally acceptable as payment for goods and services or in the repayment of debt. b. be produced by the government. c. contain gold. d. be completely inflation proof.

The right answer is: A

Explanation:

Currency in some form has been in use for at least 3,000 years. Money, usually in the form of coins, proved to be crucial to facilitating trade across continents. Currency is an accepted form of payment, usually issued by a government and circulated within its jurisdiction.

In modern days, the currency is money. Money is a medium of exchange; it allows people to obtain what they need to live. Like gold and other precious metals, money has worth because it represents something of value, in itself is worthless. That is, bills are pieces of paper.

Many are the characteristics of money, one of the most important is that it must be acceptable. If we are to do business then we must ensure that the business enables that the exchange that occurs is acceptable in terms of the value that we are to receive.

It is not necessary that the production of money must be made by a government, and it is not inflation-proof. Money deflates as inflation rates increases.

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation: