_____ Goods Are Those Where It Is Impossible to Exclude

question 33

Multiple Choice

_____ goods are those where it is impossible to exclude nonpayers.

• A) Private
• B) Nonprivate
• C) Nonexcludable
• D) Rival

---

Definitions:

Service Department Expenses

Expenses incurred by the support departments within a company that do not directly contribute to the production of goods or services but are necessary for operation.

Net Income

The amount of profit left over after all expenses and taxes have been subtracted from total revenue.

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated as the profit from an investment divided by the cost of the investment.

Investment Turnover

A measure of a company's efficiency in using its investments to generate sales revenue.