An External Benefit Is a Benefit That

question 292

Multiple Choice

An external benefit is a benefit that

• A) is enjoyed by someone other than the buyer of a good.
• B) always equals external cost.
• C) experiences increasing marginal returns.
• D) is greatest at the equilibrium point.

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Definitions:

Critical Incident Method

A performance appraisal technique focusing on identifying and evaluating specific events where the employee exhibited particularly effective or ineffective behavior.

Specific Events

Particular occurrences or happenings that are distinct and identifiable within a timeframe or context.

Job Data

Information related to employment positions including duties, requirements, salary ranges, and performance expectations.

Workers

Individuals engaged in some form of employment or labor, contributing skills and effort in exchange for compensation.