An External Cost Is Best Defined as the Cost of an Activity

question 79

Multiple Choice

An external cost is best defined as the cost of an activity paid for by

• A) the individual who is engaged in the activity.
• B) the government.
• C) a third party.
• D) a free-rider.
• E) the individual and the third party.

---

Definitions:

Company Values

Core principles and beliefs that guide an organization's actions and decision-making processes, reflecting its culture and ethics.

Assumptions

Premises or beliefs taken for granted without proof, often underlying one's actions or arguments.

Observable Culture

The visible and tangible aspects of an organization's culture, such as behaviors, rituals, and symbols that can be seen and experienced by employees.

Culture Components

The elements that make up culture, including beliefs, values, norms, language, tools, and symbols, which are shared among members of a society or group.