An Academic Question (Scenario)

question 50

Multiple Choice

An Academic Question (Scenario)
As a university student, you wonder about some of the practices in the university and just how some of these practices should be evaluated in reference to social issues.
-Your university has tried to promote the establishment of shared values so that all members will understand its beliefs. The university has established ________ management.

• A) socially respectable
• B) values-based
• C) social impact
• D) image

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Definitions:

Tradable Permits

Government-issued rights or allowances that permit the holder to emit a certain amount of a substance; can be bought, sold, or traded.

Common Resource

A resource like air or water that is not owned by anyone, but is available for use by everyone, often leading to overuse and depletion.

Marginal Social Benefit

The extra advantage to the community when one additional unit of a product or service is made.

Negative Externalities

External costs.