A Good or Resource Is Excludable If

question 23

Multiple Choice

A good or resource is excludable if

• A) only the government can produce it.
• B) when you consume a unit, that means there is one less for someone else.
• C) it is a common resource.
• D) nobody can be excluded from enjoying the benefits of the good or resource.
• E) when you pay for the good or resource, you are guaranteed to be the sole consumer.

---

Definitions:

Earnings Per Share

A measure of a company's profitability that calculates how much money shareholders would receive for each share they own if all profits were distributed.

Going Concern Assumption

A principle in accounting that assumes a company will continue its operations into the foreseeable future and is not expected to liquidate.

Fair Value

The price of an asset in the market at which it could be bought or sold, reflecting its current value under normal conditions.

Conceptual Framework

A set of theoretical principles and concepts that underpin the structure, preparation, and presentation of financial statements.