Stephanie Stops at a Gas Station to Fill Up the Tank

question 70

Multiple Choice

Stephanie stops at a gas station to fill up the tank of her car.The unleaded gasoline in her tank is BEST described as a(n) :

• A)private good.
• B)public good.
• C)artificially scarce good.
• D)common resource.

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Definitions:

Strategic Opportunism

Focuses on long‐term objectives while being flexible in dealing with short‐term problems.

Long-Term Objectives

Goals or plans that are intended to be achieved over an extended period, typically over several years, focusing on future growth and development.

Short-Term Problems

Issues or challenges that need immediate attention and resolution, typically affecting an organization or individual over a brief period.

Crisis Management

The identification, prevention, and handling of emergencies, especially those that threaten to harm an organization's people, profitability, or reputation.