If, at a Low Cost, You Cannot Prevent a Person

question 115

Multiple Choice

If, at a low cost, you cannot prevent a person from benefiting from the consumption of a good you produced, the good is

• A) excludable.
• B) nonexcludable.
• C) rival in consumption.
• D) nonrival in consumption.

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Definitions:

Organisational Analysis

A systematic study of an organization's structure, functions, and dynamics to identify areas of improvement or development.

External Environment

Factors outside an organization that can affect its performance, including economic, political, social, and technological aspects.

Moral Principles

Fundamental beliefs regarding what is right and wrong that serve as a foundation for ethical behavior and decision-making.

Universal Values

Fundamental principles or standards of behavior that are widely accepted and upheld across different cultures and societies.