Which of the Following Is a Property of a Good

question 67

Multiple Choice

Which of the following is a property of a good economic question?

• A) A good economic question can be answered.
• B) A good economic question should always have a single solution.
• C) A good economic question always addresses topics that are important to the whole society and not to an individual economic agent.
• D) A good economic question should never incorporate elements from disciplines other than economics.

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Definitions:

Work in Process

Inventory that includes items that are in the process of being manufactured but are not yet completed.

Journal Entries

Records of financial transactions in the accounting system, in chronological order.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the production costs.

Operations

The day-to-day activities necessary for a business to function, including production, sales, and administration.