An External Cost Is a Cost Paid By

question 33

Multiple Choice

An external cost is a cost paid by:

• A) the consumers trading in the market.
• B) the producers trading in the market.
• C) the government regulating the market.
• D) people other than the consumer and the producer trading in the market.

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Definitions:

Accountability

Accountability in organizational contexts involves the obligation of individuals or entities to explain and accept responsibility for their actions, decisions, and outcomes.

Integration

The process of combining or coordinating separate parts or elements into a unified whole, often used in reference to systems, organizations, or societal contexts.

Senior Leadership

Refers to the highest level of management within an organization, responsible for strategic decisions and leading the organization towards its objectives.

Cultures

The collective norms, values, customs, and practices that define a group or society.