Which of the Following Is a Characteristic of a Private

question 96

Multiple Choice

Which of the following is a characteristic of a private good:

• A)free-rider problem
• B)external benefits
• C)external costs
• D)excludability

---

Definitions:

CPM Network

Critical Path Method Network, a project management tool that helps in determining the longest path of planned tasks to the end of a project.

Normal Time

The average observed time, adjusted for pace.

Normal Cost

The standard expenses incurred during the production of goods or services, including direct labor, materials, and overhead costs.

Crash Cost

The extra expense incurred to reduce the duration of a project, often through the addition of resources or overtime work.