Which of the Following Is an Example of a Common

question 187

Multiple Choice

Which of the following is an example of a common resource?

• A)catfish in a private pond in Mississippi
• B)impounded dogs in a dog pound
• C)public health care services in the United States
• D)sea otters in the coastal waters of the Pacific Ocean

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Definitions:

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense since the asset was put into use.

Common Shares

A type of equity security representing ownership in a corporation, entitling holders to dividends and voting rights, among other rights.

Non-controlling Interest

An interest in a corporation that is not held by the parent company, representing the share of equity owned by minority shareholders in the subsidiaries of a consolidated group.

Gross Profit

A company's revenue minus its cost of goods sold, reflecting the initial profit figure before deducting operating expenses, interest, and taxes.