Which of the Following Term Refers to the Share of an Activity's

question 115

Multiple Choice

Which of the following term refers to the share of an activity's marginal cost that is paid for by people other than those who carry out the activity?

• A)Beneficial cost
• B)External cost
• C)Marginal private cost
• D)Marginal social cost

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Definitions:

Administrative Skills

Abilities related to managing operations, such as organizing, planning, and overseeing tasks within an organization.

Supervisory-Level Manager

A middle-management position responsible for overseeing employees and ensuring that departmental or organizational objectives are met.

Supervisory Management

The level of management immediately responsible for overseeing the work of employees and ensuring tasks are completed effectively.

Anticipating Problems

The proactive identification and addressal of issues before they escalate.