A Good That Is Rival in Consumption and Not Excludable

question 275

Multiple Choice

A good that is rival in consumption and not excludable is called a

• A)public good.
• B)common resource.
• C)club good.
• D)private good.

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Definitions:

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the liquidity and operational efficiency of the business.

Current Assets

Short-term assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle, whichever is longer.

Current Liabilities

Obligations a company needs to pay off within one year or within its operating cycle, whichever is longer.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets, indicating the company's ability to generate additional revenues.