Which of the Following Functions of Government Gives Property Owners

question 249

Multiple Choice

Which of the following functions of government gives property owners the incentive to use their property efficiently?

• A) making sure that courts are lenient on people who steal private property
• B) the protection of property rights
• C) the enforcement of antitrust legislation
• D) the financing of public goods

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Definitions:

Cycle Inventory

The portion of inventory that is planned to be sold in a given cycle, as part of the regular pattern of ordering and selling goods.

Forward Buying

Purchasing inventory in larger quantities than immediately needed, often in anticipation of price increases or high demand periods.

Lot Size

The quantity of items that are produced, purchased, or moved in a single batch or order.

Cycle Inventory

Inventory that companies maintain to facilitate production in batches or cycles, as opposed to continuous production.