For Certain Intangibles That Cannot Be Measured, It Is Best

question 28

Multiple Choice

For certain intangibles that cannot be measured, it is best to

• A)leave it to the private sector to decide on value.
• B)exclude them from cost benefit analysis, and then calculate how large they must be to reverse the decision.
• C)guess.
• D)reevaluate using the Hicks-Kaldor criterion.

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Definitions:

Sole Proprietorship

A business in which one person (sole proprietor) is in control of the management and profits.

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals.

Profits

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs involved in maintaining the operation.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.