Internalizing an Externality Means

question 3

Multiple Choice

Internalizing an externality means

• A) the good becomes a public good.
• B) government regulations or taxes are sufficient to eliminate the externality completely.
• C) government imposes regulations that eliminate the externality completely.
• D) incentives are altered so that people take account of the external effects of their actions.

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Definitions:

Follower-Centered

An approach in leadership that focuses on the needs, development, and well-being of the followers, rather than on the leader themselves.

Motivational Process

The internal mechanisms and external stimuli that propel individuals to act or perform in certain ways.

Implicit

Not directly stated or expressed; implied or understood though not plainly or clearly revealed.

Shared Leadership

An organizational leadership model wherein leadership roles and responsibilities are distributed among team members rather than being centered on a single leader, fostering collaboration and empowerment.