The Most Important Information Needed to Determine If Companies Can

question 28

Multiple Choice

The most important information needed to determine if companies can pay their current obligations is the

• A) net income for this year.
• B) projected net income for next year.
• C) relationship between current assets and current liabilities.
• D) relationship between short-term and non-current liabilities.

Comprehend what is meant by a good being rival in consumption.

Identify and analyze examples of goods based on rivalry in consumption and excludability.

Distinguish between private goods, public goods, common resources, and club goods.

Recognize goods that cause externalities and differentiate between positive and negative externalities.