A Good Is Excludable If

question 162

Multiple Choice

A good is excludable if:

• A) people who do not pay cannot be easily prevented from using the good.
• B) one person's use of the good does not reduce the ability of another person to use the same good.
• C) people who do not pay can be easily prevented from using the good.
• D) it is Wi-Fi or a similar service.

---

Definitions:

General Journal Entries

The records of financial transactions in the chronological order in which they occur, used as a preliminary step in building the company's financial statements.

Raw Materials

The basic materials that are used in the manufacturing process to create finished goods.

Direct Labor

The wages or costs associated with workers who are directly involved in the production of goods or services.

Indirect Labor Costs

Expenses for labor that supports the production process but is not directly involved in the creation of the product or service.