The Term Externalities Refers to

question 73

Multiple Choice

The term externalities refers to

• A)Only positive benefits of a market activity borne by a third party.
• B)Only negative costs of a market activity borne by a third party.
• C)The negative costs and positive benefits of a market activity borne by a third party.
• D)None of the choices are correct.

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Definitions:

Scenario Planning

A strategic planning method that organizations use to envision and prepare for future possibilities, helping them navigate uncertainties and make flexible long-term plans.

Nominal Group Input

A technique used to generate ideas and solutions in a group setting, where participants contribute independently before collectively discussing and prioritizing suggestions.

Delphi Group Input

A technique that gathers and synthesizes expert opinions through iterative rounds of questionnaires to achieve a consensus on a specific subject.

Scenario Planning Group Input

Contributions or insights provided by a team engaged in scenario planning, a strategic planning method that uses speculative scenarios to forecast future events.