Which of the Following Describes an External Benefit Resulting from an Individual's

question 5

Multiple Choice

Which of the following describes an external benefit resulting from an individual's purchase of a winter flu shot?

• A)​A flu shot is less expensive than the cost of treatment when you get the flu.
• B)​The income of doctors increases when you get a flu shot.
• C)​A flu shot reduces the likelihood that others will catch the flu from you.
• D)​A flu shot reduces the likelihood that you will miss work as a result of sickness, and, therefore, you will earn more income.

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Definitions:

Total Depreciation Expense

Total Depreciation Expense is the cumulative amount of depreciation that has been charged on a company's assets over a specific period to account for the reduction in value due to wear and tear, age, or obsolescence.

Units-Of-Output Method

A depreciation method where the useful life of an asset is expressed in terms of the total number of units it can produce during its life.

Straight-Line Method

A method of calculating equal depreciation expenses for an asset over its useful life.

Straight-Line Method

This is a method of allocating the cost of an asset evenly over its useful life.