________ Is a Cost or Benefit Resulting from Some Activity

question 214

Multiple Choice

________ is a cost or benefit resulting from some activity or transaction that is imposed or bestowed on parties outside the activity or transaction.

• A) An externality
• B) Marginality
• C) Utility
• D) A provisional injunction

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Definitions:

Sigma Control Limits

Statistical boundaries set within a control chart to identify the acceptable range of process variations in Six Sigma methodologies.

Standard Deviation

A measure of the dispersion or variation in a set of values, indicating how spread out the values are from the average.

Sigma Control Limits

Statistical boundaries in process control that indicate the allowable range of variation for a process to remain in control, typically set at plus or minus three sigma from the process mean.

Finish Defects

Imperfections or flaws that appear on the surface of products during or after the manufacturing process, affecting the product's aesthetics or functionality.