Which Type of Good Is Rival in Consumption and Excludable

question 42

Multiple Choice

Which type of good is rival in consumption and excludable?

• A)Common
• B)Private
• C)Public
• D)Artificially scarce

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Definitions:

Organization's Design

The process of structuring an organization's roles, responsibilities, and systems in a way that aligns with its goals and strategies.

Success

Achievement of an action within a specified parameter of time, effort, or both, often measured against preset known standards of completeness, excellence, or other metrics.

Woodward's Classification

A framework developed by Joan Woodward that categorizes firms into groups based on their level of technology and how it impacts organizational structure.

Process Technology

The combination of tools, equipment, methodologies, and techniques used to produce goods or services.