Imposing Fines on Companies That Contribute Heavily to Air and Water

question 144

True/False

Imposing fines on companies that contribute heavily to air and water pollution is an attempt to bring marginal private costs in line with marginal social costs.

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Definitions:

Virtual Structures

Organizational designs that rely heavily on digital and telecommunication networks to connect geographically dispersed members.

Personal Autonomy

The capacity to make an informed, uncoerced decision about one's own actions and life direction.

Informal Communication

A type of communication that occurs outside official channels without formal procedures or structure.

Systems/Contingency

A theory in organizational behavior that posits the effectiveness of a management approach is contingent upon the internal and external environment.