Which of the Following Is a List of Common Resources

question 124

Multiple Choice

Which of the following is a list of common resources only?

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

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Definitions:

Direct Method

A way of preparing the cash flow statement where actual cash flow information from the company's operations is used, directly showing sources and uses of cash.

Cost Allocation

The distribution or assignment of indirect, common, or joint costs to different departments, processes, or products within an organization.

Step-Down Method

A cost allocation method used in accounting that allocates overhead costs to cost objects in a sequence, where each department allocates its costs to other departments based on a predetermined order.