Which of the Following Statements Is Not True

question 236

Multiple Choice

Which of the following statements is not true?

• A)Some public goods are paid for by private philanthropy.
• B)Private provision of public goods is usually unprofitable.
• C)The free-rider problem results from the characteristics of nonrivalry and nonexcludability.
• D)Public goods are only provided by government.

---

Definitions:

Job Order Costing

An accounting method used to track costs and evaluate the profitability of custom jobs by accumulating the costs associated with a specific customer order.

Home Construction

The process of building residential homes, including planning, design, construction, and sale of new homes.

Prime Costs

The combination of direct materials and direct labor costs.

Direct Labor

The cost of wages for employees who are directly involved in the production of goods or services.