A Resource That Is a Common Property Is

question 41

Multiple Choice

A resource that is a common property is

• A) oil on land owned by a drilling and refining company.
• B) natural gas on land owned by an energy producer.
• C) timber on land owned by a lumber company.
• D) water in a publicly owned river.

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Definitions:

Sales

The revenue generated from the selling of goods or services by a company or an enterprise to its customers.

Turnover

Sales divided by average operating assets.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, expressed as a percentage.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit but before income taxes and interest expenses are deducted.