"When a Good Is Divided Up,it Is Important That Everyone

question 35

Multiple Choice

"When a good is divided up,it is important that everyone get an equal share." This statement emphasizes

• A) maximum surplus.
• B) efficiency.
• C) aggregation.
• D) equity.
• E) total welfare.

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Definitions:

Petty Cash

A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.

Traveler's Checks

Preprinted, fixed-amount checks designed to allow the person signing them to make an unconditional payment to someone else as a result of having paid the issuer for this right.

Nontrade Receivables

Receivables that originate from transactions not involving the normal sale of merchandise or services, such as loans to employees or advances to suppliers.

Subsidiary Companies

Companies that are controlled by another company, known as the parent company, through ownership of more than half their voting stock or through other means.