The Property of Society Getting the Most It Can from Its

question 183

Multiple Choice

The property of society getting the most it can from its scarce resources is called

• A)efficiency.
• B)equality.
• C)externality.
• D)productivity.

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Definitions:

Unrealized Gain

A profit that exists on paper resulting from an investment that has not yet been sold for cash, indicating an increase in value of the asset.

Equity Method

An accounting technique used to record an investor's proportional share of the associate company's earnings and losses.

Accounting Change

Any significant alteration in accounting policies, estimation methods, or reporting practices that impacts the financial statements of a company.

Voting Shares

Shares of a company's stock that grant the holder the right to vote on corporate matters.