Externalities Are the Unintended Negative (Or in Some Cases Positive)

question 40

True/False

Externalities are the unintended negative (or in some cases positive) consequences that an economic transaction between two parties can have on some third party.

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Definitions:

Goal-oriented

Being goal-oriented refers to having a focus on setting and achieving specific objectives, driving actions and decisions towards desired outcomes.

Relations-oriented

Focused on building and maintaining positive relationships among team members or within an organization.

Company-oriented

Refers to the approach or policies tailored to prioritize the interests and goals of a company.

Bad Apple Effect

The phenomenon where the negative behavior of one individual can impact and deteriorate the entire group's behavior or performance.