If There Are External Costs of Production Not Accounted For

question 212

Multiple Choice

If there are external costs of production not accounted for, then marginal

• A) cost equals marginal social cost.
• B) cost is less than marginal social cost.
• C) cost is greater than marginal social cost.
• D) social cost is zero.

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Definitions:

Performance Measurement

Involves the process of evaluating the efficiency and effectiveness of an employee, team, or organization's work.

Specific Behavior

A particular action or pattern of actions that can be observed and described in concrete terms.

Graphic Rating Scale

Method of performance measurement that lists traits and provides a rating scale for each trait; the employer uses the scale to indicate the extent to which an employee displays each trait.

Rating Approach

A systematic method used to evaluate or assess performance, quality, or value.