A Good That Is Nonexcludable but Rival in Consumption Is

question 167

Multiple Choice

A good that is nonexcludable but rival in consumption is a _____ good.

• A)common resource
• B)private
• C)public
• D)normal

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Definitions:

Segregation Of Duties

A control activity that aims to reduce the risk of errors and fraud by dividing responsibilities among different people in an organization.

Collusion

A secret agreement or cooperation among parties for a fraudulent, illegal, or deceitful purpose, especially to manipulate prices or competition in the market.

Merchandise Management

It involves the planning and control of the purchasing, handling, storage, and sale of goods in a retail setting to maximize profits.

Cash Registers

Electronic or mechanical devices used to calculate and record sales transactions, and to store cash for daily business operations.