When a Good Is Excludable

question 20

Multiple Choice

When a good is excludable,

• A)one person's use of the good diminishes another person's ability to use it.
• B)people can be prevented from using the good.
• C)no more than one person can use the good at the same time.
• D)everyone will be excluded from using the good.

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Definitions:

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Days

Units of time consisting of 24 hours, often used to specify timeframes or durations.

Financial Data

Numerical data detailing a company's financial status, operations, and liquidity, utilized for evaluation and decision-making purposes.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of the company.