All of the Following Are Characteristics of Public Goods EXCEPT

question 302

Multiple Choice

All of the following are characteristics of public goods EXCEPT

• A)Public goods can be used by more people at no additional cost.
• B)The good can be consumed by everyone at the same time without reducing what is available for anyone else.
• C)the exclusion principle
• D)The goods are perfectly divisible.

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Definitions:

Sales Discounts

A reduction in the price of goods or services offered to customers, usually as an incentive for early payment or bulk purchases.

Net Sales

The amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and discounts.

Account Receivable

Accounts Receivable are amounts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Write Off

An accounting action taken to recognize that an asset has lost its value and is removed from the balance sheet.