A Cost Imposed on People Other Than the Consumers of a Good

question 42

Multiple Choice

A cost imposed on people other than the consumers of a good or service is a:

• A) price floor.
• B) negative externality.
• C) positive externality.
• D) price externality.

---

Definitions:

Senior Executives

Top-level managers or administrators responsible for overseeing the operations and strategic direction of an organization.

Stakeholders

The parties with an interest in the company's success (typically, shareholders, the community, customers, and employees).

Human Resources

The department within an organization that is responsible for managing employee-related functions, including hiring, training, benefits, and compliance with labor laws.

Imitated

The act of copying or mimicking the actions, speech, or mannerisms of another person or entity, typically to learn from them or to achieve a similar outcome.