The Tragedy of the Commons Applies Especially Strongly to Resources

question 129

Multiple Choice

The tragedy of the commons applies especially strongly to resources like fish, forests, and agricultural land because these resources:

• A) are highly demanded.
• B) must be carefully maintained to remain useful.
• C) are more precious than others.
• D) are scarce.

---

Definitions:

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities performed in their production, offering more precise product costing.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities that generate the costs.

Direct Labor-Hours

It measures the total hours worked by employees directly involved in manufacturing a product.

Activity-Based Costing

A method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption.