A Negative Externality Occurs When

question 16

Multiple Choice

A negative externality occurs when

• A)costs of production are imposed on third parties.
• B)costs of distribution are imposed on third parties.
• C)benefits of the product are passed on to third parties.
• D)both costs of distribution are imposed on third parties and benefits of the product are passed on to third parties.

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Definitions:

Corporate Outing

A corporate outing is an organized event or activity designed to foster team building and relaxation among employees outside the workplace.

Organization Development

An area of study, theory, and application aimed at broadening the understanding and capability of individuals to achieve more successful change and performance within organizations.

Management by Objectives

A management strategy where employees and managers set specific, measurable objectives that contribute towards organizational goals.

Survey Feedback

A method of organizational development that involves collecting data through questionnaires and sharing the results with participants for action planning.