A Fundamental Aspect of Public Goods Is That They

question 278

Multiple Choice

A fundamental aspect of public goods is that they

• A) are just like private goods EXCEPT that everybody wants to consume the same amount.
• B) have positive externalities.
• C) are characterized by the principle of rival consumption.
• D) can be consumed jointly by many people simultaneously.

---

Definitions:

Accounts Receivable Turnover

A financial metric used to measure how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.

Average Collection Period

The mean period required for a company to get payment from its clients.

Finance Charges

Fees representing the cost of credit or the cost of borrowing, including interest and transaction fees.

Accounts Receivable

Money owed to a company by its customers for goods or services already delivered but not yet paid for.