DeVonda Owns a Music Store

question 166

Multiple Choice

DeVonda owns a music store.One night,vandals broke her store's front window.DeVonda called the police,and the police investigated the crime.The police services that DeVonda used are BEST described as a(n) :

• A)private good.
• B)public good.
• C)artificially scarce good.
• D)common resource.

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Definitions:

Retained Use

The continued use of an asset by its owner instead of selling or replacing it.

Basic Earnings Per Share

A measure of a company's profitability, calculated by dividing net income by the average number of common shares outstanding during the period.

Income Available

The amount of net income left over for the company after it has paid out dividends to its shareholders.

Common Shareholders

Individuals or entities that own shares of a company's common stock, granting them rights to vote on corporate matters and receive dividends.