Which of the Following Is NOT an Example of a Negative

question 263

Multiple Choice

Which of the following is NOT an example of a negative externality?

• A) inoculation against disease
• B) pollution
• C) playing a boom box loudly in a crowded park
• D) rush hour traffic

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Definitions:

Income Statement

A financial report summarizing a company’s revenues, expenses, and profits over a specified period, showing the company's financial performance.

Acid-Test Ratio

A financial ratio that measures a company's ability to pay off its current liabilities with its quick assets, indicating short-term financial strength.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial position.

Current Assets

Refers to assets that are expected to be converted into cash or used up within one year or in the operating cycle of the business, whichever is longer.