When a Negative Externality Exists,_______________________ and Thus _______________ Intervention May

question 51

Multiple Choice

When a negative externality exists,_______________________ and thus _______________ intervention may be needed to achieve efficiency.

• A) external costs are necessarily greater than private costs; government
• B) social costs equal private costs; no government
• C) social costs are less than private costs; government
• D) social costs are greater than private costs; government
• E) none of the above

Identify the secondary objectives of performance appraisals beyond immediate performance improvement.

Understand the principles of operant and classical conditioning, including positive and negative reinforcement, punishment, and extinction.

Identify the contributions of key figures in behavioral psychology such as Watson, Pavlov, Thorndike, Skinner, Bandura, and Rotter.

Differentiate between classical and operant conditioning procedures and their applications.

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Definitions:

Learning and Growth

Refers to the strategies and processes that facilitate the continuous improvement and development of employees, systems, and organizational capabilities.

Balanced Scorecard

A strategic planning and management system used by organizations to align business activities to the vision and strategy, improve internal and external communications, and monitor organizational performance against strategic goals.

Strategy Map

A visual tool used in strategic planning to align an organization's missions, visions, and goals to its strategy, displaying the cause-and-effect relationships among different strategic objectives.

Strategic Objectives

These are specific, measurable goals set by a business to guide its strategic direction and assist in achieving its overarching purposes.