Which of These Is One of the Four Principles of Individual

question 76

Multiple Choice

Which of these is one of the four principles of individual choice?

• A)Resources are usually renewable.
• B)The real cost of something is impossible to measure.
• C)People take advantage of opportunities to make themselves better off only if there is no risk involved.
• D)Resources are scarce.

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Definitions:

Trade Magazine Subscription

The cost incurred by a business for subscribing to a publication that targets a specific industry or professional field.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was placed in service.

Liability Accounts

Accounts on the balance sheet that represent obligations of the company, including loans, accounts payable, mortgages, and accrued expenses.

Expired Insurance

The portion of an insurance premium that has been used up during the term of the policy and is therefore no longer in effect.