Which of the Following Is a Defining Characteristic of a Public

question 108

Multiple Choice

Which of the following is a defining characteristic of a public good?

• A)It is produced and distributed by the government.
• B)The decision to produce it is made by the public through the voting process.
• C)It is produced and distributed by private firms according to government regulations.
• D)It is freely available to everyone once it is produced.
• E)It is purchased by one government agency from another government agency.

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Definitions:

Accounts Receivable

Money owed to a company by customers for products or services delivered or used but not yet paid for.

Cash Conversion Cycle

A metric that shows how long it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Inventory Conversion Period

Inventory Conversion Period is the average time taken for a company to convert its inventory into sales.

Payables Deferral Period

The time duration a company takes to pay off its suppliers after a purchase has been made, indicating how well the company manages its cash outflow.