An Incentive Is

question 182

Multiple Choice

An incentive is

• A)what you must give up to get something.
• B)a good or service that satisfies wants.
• C)when people make rational choices by comparing costs and benefits.
• D)a reward or a penalty that encourages or discourages an action.
• E)a choice is made on the margin.

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Definitions:

Assets

Economic resources owned or controlled by a business, expected to bring future benefits.

Assets

Resources owned by a company or individual, including cash, inventory, properties, and equipment, that are expected to provide future economic benefits.

Liabilities

Financial obligations a company owes to outside parties, such as loans, accounts payable, and mortgages.

Assets

Company-owned valuables that offer economic benefits and are expected to provide future profit.