Which of the Following Statements Is Not Correct

question 204

Multiple Choice

Which of the following statements is not correct?

• A) Environmental degradation is an example of the Tragedy of the Commons.
• B) Cost-benefit analysis is an important tool that economists use to evaluate the benefits of providing a public good.
• C) Some goods, such as lighthouses, may be either private or public goods.
• D) The free-rider problem prevents governments from supplying public goods.

Explain the use of subsidiary ledgers (e.g., materials ledger, finished goods ledger) in cost accounting.

Understand the process of allocating costs using different bases (machine hours, direct labor hours, etc.).

Understand and identify various types of costs in business organizations and classify them as product or period costs.

Grasp the concept and use of job order costing in both service and manufacturing settings, including the similarities and differences.

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