A Cost or Benefit Resulting from Some Activity That Is

question 154

Multiple Choice

A cost or benefit resulting from some activity that is imposed or bestowed on third parties is

• A) a market failure.
• B) an externality.
• C) a public good.
• D) logrolling.

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Definitions:

Employee Development

The ongoing effort by employers to improve the knowledge, skills, and abilities of their employees.

Manager's Role

The responsibilities and duties carried out by a manager to ensure effective planning, organization, leadership, and control of resources.

Operating Problems

Issues and challenges encountered during the daily operations of a business or system.

Effective Teacher

An educator who successfully imparts knowledge, instills understanding, and fosters student growth and development.