4.1 Review

All activities involved in developing and exchanging goods and services

• Marketing

• Business

• Finance

• Production

What is the primary goal of business?

• To sell goods and services

• Employ people

• Manage people

• To make a profit

Anything of value that is accepted in return for goods and services is known as:

• Bartering

• Medium of Exchange

• Money

• Store of Value

Trading one good or service for another is called:

• Medium of Exchange

• Money

• Bartering

• Store of Value

A common measure of what something is worth or what something costs.

• Unit of Value

• Medium of Exchange

• Store of Value

• Bartering

Something that can be saved or stored and used at a later date.

• Medium of Exchange

• Unit of Value

• Store of Value

• Bartering

The people's faith in the dollar bill is apart of what money property

• Recognizability

• Stability

• Divisibility

• Durability

Breaking a dollar into quarters, nickels, and pennies is an example of :

• Stability

• Recognizability

• Portability

• Divisibility

A dollar being stable and last a long time is example of:

• Stability

• Recognizability

• Portability

• Durability

Any activity related to making a product is which function of business?

• Production

• Marketing

• Manangement

• Finance