Which of the Following Is an Example of an External

question 292

Multiple Choice

Which of the following is an example of an external cost?

• A) taxes
• B) the price of a car wash
• C) pollution
• D) an electricity bill

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Definitions:

Rapid Adjustments

Quick changes or modifications made in response to internal or external factors impacting an organization or system.

Purchasing-supplier Satisfaction Model

A framework for evaluating the relationship and satisfaction levels between buyers and suppliers in procurement.

Fairness

The quality of being impartial, just, and equitable in decisions, treatments, and interactions among individuals or groups.

Stability

The state of being steadfast and not prone to change, which ensures reliability and predictability in processes or systems.