One Reason That National Defence Is a Classic Example of a Public

question 97

Multiple Choice

One reason that national defence is a classic example of a public good is that

• A)all citizens want national defence.
• B)society deems it to be too important to be provided by the private sector.
• C)the benefits that accrue to one person do not diminish the benefits available to others.
• D)military technology is too expensive for private firms to provide.
• E)it would be immoral for private firms to provide this essential commodity.

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Definitions:

Value-Based Management

An approach in business that centers on maximizing shareholder value through strategic decision-making and operational efficiency.

Core Values

Fundamental beliefs or principles that guide an organization's or individual's behavior and decision-making.

Constantly Changing

An environment or situation that is continuously evolving or undergoing modifications.

Core Values

Fundamental beliefs or guiding principles that shape an individual's or organization's actions and decisions.