A Good Is Rival If

question 95

Multiple Choice

A good is rival if:

• A) it is produced by more than one firm.
• B) consuming an item means that no one else can consume that same exact item.
• C) consumption of it causes negative externalities.
• D) consumers can be restricted from buying it.

---

Definitions:

National Quality Award

is an award given to organizations that exhibit outstanding quality management and operational excellence.

Communication Problems

Challenges and barriers in the transmission of information among individuals or groups, leading to misunderstandings, inefficiency, and conflict.

Democratic Leadership

A leadership style that involves making decisions based on the input and consensus of the whole group.

High-performance Workplace

An organizational environment that effectively combines people, technology, and processes to achieve significantly higher levels of productivity and quality.