Which of the Following Is Most Likely a Private Good

question 71

Multiple Choice

Which of the following is most likely a private good?

• A)Cars.
• B)National defense.
• C)Sidewalks.
• D)The administration of justice.

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Definitions:

Percent of Sales

A financial ratio that expresses the relationship between a particular expense, income, or investment and the total sales revenue of a company.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization by monitoring performance against strategic goals.

Perspectives

Different ways of viewing or approaching a situation, often influenced by individual experiences, knowledge, and beliefs.

Performance Analysis

The practice of evaluating the efficiency, effectiveness, and performance of an organization, process, or employee.