Inventory Is

question 9

Multiple Choice

Inventory is:

• A)Items used to make a product including supplies,and items held for resale.
• B)An expense when purchased and recognized as an asset when sold.
• C)A product a business purchases,holds as an asset,and then resells to its customers.
• D)A service we sell to our customers such as legal services.

---

Definitions:

Free Riders

Individuals who benefit from resources, goods, or services without paying for them or contributing to their provision.

Public Goods Dilemma

A situation in which individuals can benefit from a public good without contributing to its cost, leading to potential under-provision or degradation of that good.

Tragedy of the Commons

A situation in a shared-resource system where individual users acting independently according to their own self-interest behave contrary to the common good, depleting or spoiling the shared resource.

Collective Behavior

Actions or behaviors displayed by a group of people who take collective action in response to an event, situation, or crisis.