Which of the Following Is NOT an Example of an Externality

question 249

Multiple Choice

Which of the following is NOT an example of an externality?

• A)A bread company emits a wonderful aroma in the air that makes people smile.
• B)The neighbor's wind chimes interfere with your sleep.
• C)A firm fires 500 people.
• D)Cancer-causing chemicals are dumped into the drinking water supply of a city.

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Definitions:

Group Incentive

A reward or compensation given to a team or group based on their collective performance or achievements.

Piecework Rates

A compensation system where employees are paid a fixed rate for each unit they produce or task they complete.

Types

Varieties or categories of a particular thing or person characterized by a specific set of traits or attributes.

Balanced Scorecard

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