At the Local Park There Is a Playground That Anyone

question 443

Multiple Choice

At the local park there is a playground that anyone may use. There is rarely anyone using the playground, so children who use the playground receive full enjoyment from its use. The playground is

• A)rival in consumption and is excludable.
• B)not rival in consumption, but is excludable.
• C)rival in consumption, but is not excludable.
• D)not rival in consumption nor is it excludable.

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Definitions:

Journal Entry

A record of a financial transaction within the double-entry bookkeeping system, containing debits and credits.

Debits Expense

An accounting entry that represents an increase in expenses, which in turn reduces equity or net income.

Memorized Transaction List

A feature in accounting software that allows users to save recurring transactions for future use, simplifying data entry.

Lists Menu

In accounting software, the Lists Menu provides access to various lists managed within the software, such as lists of customers, vendors, items, and accounts.