The Difference Between Specific Knowledge and General Knowledge Is That

question 234

Multiple Choice

The difference between specific knowledge and general knowledge is that

• A)the creation of general knowledge is usually more profitable for the creator.
• B)specific knowledge is excludable, while general knowledge is not excludable.
• C)general knowledge is excludable, while specific knowledge is not excludable.
• D)general knowledge is rival in consumption, while specific knowledge is not rival in consumption.

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Definitions:

Cash Equivalents

Cash equivalents are highly liquid investment securities with maturities of three months or less, making them almost as liquid as cash itself.

Time Deposits

Banking products that hold a fixed amount of funds for a specified period of time, earning interest, such as CDs.

Recordkeeping

The systematic process of maintaining records for financial transactions and other business activities.

Custody of Assets

Responsibility for safeguarding and managing physical or digital assets, ensuring their security and proper use.