Use the Following to Answer Questions: Table: GoodsClassification
Shirt
Rainfall

question 215

Essay

Use the following to answer questions: Table: GoodsClassification
Shirt
Rainfall
Smog Reduction
PlayStation Controller
Cable TV
National Defense
Baltimore Aquarium
Chewing Gum
Your Economics Textbook
Free Public Library
Your Teacher's Open Office Hours
Pen
Free Public Bus Service
-(Table: Goods Classification) Refer to the table. Classify the goods in the table into the four classifications listed. $$\begin{array} { | l | l | } \hline \text { a. } & \text { rival, excludable goods } \\\hline \text { b. } & \text { nonrival, nonexcludable goods } \\\hline \text { c. } & \text { rival, nonexcludable goods } \\\hline \text { d. } & \text { excludable, nonrival goods } \\\hline\end{array}$$

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Definitions:

Responsibility Accounting Reports

Financial reporting tools designed to track revenue and expenses associated with specific departments or operations, highlighting the financial performance and accountability of departmental managers.

Profit Centers

Designated segments within a company for which the managers are responsible for both revenues and expenses, effectively measuring each segment's profitability.

Support Department Allocations

The process of distributing the costs of service departments to producing or operational departments based on their usage or consumption of services.

Minimum Return on Investment

The least amount of profit that an investor deems acceptable when investing in a project, often used to assess the viability of a potential investment.