Assume There Is No Way to Prevent Someone from Using

question 137

Multiple Choice

Assume there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. This characteristic is called

• A) nonrivalry.
• B) nonexcludability.
• C) nontaxability.
• D) nondiscrimination.

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Definitions:

Direct Labor Cost

The total cost of all labor that can be directly attributed to the manufacturing or production of goods or services.

Controllable Cost

Expenses that can be influenced or managed by decisions made by a manager or a business, such as materials or labor.

Supervisor

An individual in charge of overseeing and directing the work of a group of people.

Direct Materials

Raw materials that are used in the manufacturing process and are directly incorporated into the finished product.