Which of the Following Is the BEST Example of a Good

question 92

Multiple Choice

Which of the following is the BEST example of a good that is nonrival and excludable?

• A) a can of Mountain Dew
• B) fish in the ocean
• C) cable television
• D) national defense

Understand the concept and implications of intrinsic and extrinsic motivation.

Explain the role of cognitive abilities in the motivation-performance relationship.

Identify characteristics of individuals with a high need for achievement.

Understand the basis of performance evaluation in a motivated workforce.

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Definitions:

Retail Method

An inventory valuation method based on the retail price of goods, used primarily in the retail sector.

Estimated Inventory

is an approximation of the quantity or value of stock on hand, often used for accounting or planning purposes when an actual count is not feasible.

Bean Corporation

A hypothetical name, often used as an example for a company in discussions or illustrations.

Internal Control Objectives

The goals or purposes of systems and processes designed to safeguard assets, ensure accurate financial reporting, and promote operational efficiency.