Which of the Following Is a List of Excludable and Nonrival

question 30

Multiple Choice

Which of the following is a list of excludable and nonrival goods only?

• A) cable Internet service, toll highways, public roads, soup kitchen meals
• B) online video games, a private beach, toll highways, cable Internet service
• C) a public beach, soup kitchen meals, public roads, smog reduction
• D) national defense, a lighthouse, smog reduction, cable Internet service

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Definitions:

Reporting Period

The specific timeframe for which financial statements are prepared, showing the financial position and performance of a company.

Financial Statements

Documents that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Post-closing Trial Balance

A list of all balances in a company’s ledger accounts after the closing entries are made, serving as a check to ensure debits and credits are balanced at the end of an accounting period.

Operating Cycle

The time it takes for a company to purchase inventory, sell products, and collect cash from customers.