When Managers Read Computer Reports or Walk Through the Plant

question 60

Short Answer

When managers read computer reports or walk through the plant, they identify whether actual performance meets, exceeds or falls short of _______.

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Definitions:

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an extra unit of a good or service.

Pollution Permits

Government-issued licenses allowing the holder to emit a certain amount of pollution; used as a regulatory tool to control and reduce environmental damage.

Pollution Levels

The concentration of pollutants in the environment, affecting air, water, and soil quality.

Marginal External Cost

The cost of producing an additional unit of a good or service that is borne by individuals other than the producer, typically not reflected in the market price.