Examlex

Solved

Which One of the Following Would Be the Same Total

question 67

Multiple Choice

Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets?


Definitions:

Rival In Consumption

A characteristic of a good or service that means its consumption by one individual prevents simultaneous consumption by another individual.

Private Good

A product or service that is consumed by one individual without providing benefit to others and is subject to exclusion and rivalry.

Fish Fillet

A piece of fish that has been cut or sliced away from the bone, often prepared as a food item.

Excludable

A property of a good or service whereby it is possible to prevent people from using it if they have not paid for it or met specific conditions.

Related Questions