The Definition of a Public Good or Private Good Depends

question 117

Multiple Choice

The definition of a public good or private good depends on the _______ of the good and not on whether it is provided by the _______ or _______ sector.

• A) characteristics; nonprofit; private
• B) characteristics; public; private
• C) supplier; market; public
• D) characteristics; private; foreign

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Definitions:

Managers

Individuals who are responsible for planning, organizing, leading, and controlling an organization's activities to achieve its goals.

Right

This term in isolation is too broad; in a specific context, it could refer to an entitlement, legal protection, or moral principle that is recognized and upheld in a social system.

Authority

The power or right to give orders, make decisions, and enforce obedience within an organizational or social hierarchy.

Coercion

The act of compelling or forcing someone to act in a certain way by use of threats or pressure.