One Characteristic of a Public Good Is That It

question 270

Multiple Choice

One characteristic of a public good is that it

• A) is available for consumption by only a few individuals at any particular time.
• B) always eliminates the free-rider problem.
• C) can be consumed simultaneously by many individuals.
• D) can be easily subdivided into small units.

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Definitions:

Chart of Accounts

An organized list of all the accounts in a company’s general ledger, used for recording transactions in the accounting system.

Income Statement

A financial document that reports a company's financial performance over a specific period, showing revenues, expenses, and net income or loss.

Balance Sheet

A balance sheet showing the total assets, financial obligations, and shareholders' equity of a company at a specific moment.

Ledgerizing

The process of posting journal entries to the ledger accounts as a step in the accounting cycle for organizing financial information.