A Majority of Citizens in a Community Do Not Agree

question 1

Multiple Choice

A majority of citizens in a community do not agree with a minority of citizens that the community needs a nonprofit organization to serve the needs of homeless citizens. This sentence is an example of ______.

• A) an externality
• B) market failure
• C) government failure
• D) demand heterogeneity

---

Definitions:

Profit or Loss

The financial outcome of a business or investment, determined by subtracting expenses from revenue, indicating either earnings (profit) or shortfall (loss).

Outstanding Balance

The amount of money owed that remains in a borrower's account that has not yet been paid.

Invoice

A document issued by a seller to a buyer, listing goods or services provided, with their prices, and requesting payment.

EOM

EOM stands for "End of Month," which is a term often used in accounting and business to signify deadlines or the conclusion of financial periods.