Which of the Following Is Not an Example of a Market

question 184

Multiple Choice

Which of the following is not an example of a market?

• A) A cattle auction, where farmers and ranchers bring cattle to be purchased by packing plants
• B) Etsy.com, a Web site where artists, designers, and craftspersons offer items they have made to interested buyers
• C) A city requires homeowners to pay $500 for putting in a sidewalk on their street
• D) The National Residency Matching Program, where medical residents express their preferences for residencies, hospitals express their preferences for medical residents, and these preferences are used to match residents to residencies

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Definitions:

Working Capital

The discrepancy between an organization's immediate assets and its short-term obligations, showcasing the business's operational productivity and liquidity over the short term.

Net Present Value (NPV)

The gap between the present value of incoming cash and the present value of outgoing cash during a given period, used in assessing the profitability of an investment.

Internal Rate of Return (IRR)

A financial metric used to estimate the profitability of potential investments, calculating the rate of return at which the net present value of costs equals the net present value of benefits.