Which Statement Best Describes a Good

question 65

Multiple Choice

Which statement best describes a good?

• A) Goods are physical objects.
• B) Goods are the only currency that can be used in an exchange.
• C) Goods are intangible concepts and thoughts about ideas or causes.
• D) Goods are the benefits organizations receive for selling products and services.
• E) Goods can be either tangible or intangible.

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Definitions:

Lines of Descent

Lines of descent refer to the direct line of ancestry tracing the genetic heritage of an organism.

Eroding Hillsides

Areas where the surface soil has been worn away, often due to water, wind, or human activity, leading to a loss of stability and vegetation.

Shallow Sea

A part of the sea that is not deep, often found near coastlines, where sunlight can reach the seabed, supporting various marine life.

Capacity

The maximum amount that something can contain or produce, or the ability to perform, understand, or absorb something.