A Government Passes a New Law Allowing Only 1,000 Tons

question 168

Multiple Choice

A government passes a new law allowing only 1,000 tons of pollution per day to be generated and simultaneously sells 1,000 transferable rights to emit one ton each of pollution per day. Which of the following is true?

• A) The pollution will be created by those least willing and able to pay the damages.
• B) The pollution will be created by those most willing and able to pay for the right to pollute.
• C) The funds collected by the government will be enough to compensate any individuals harmed by the pollution.
• D) Pollution will increase from zero to 1,000 units per day.
• E) There will be no incentive for polluters to try to sneak emissions past government monitoring devices.

Differentiate between public and private sector organizational behavior management.

Understand the importance of people management for organizational improvement.

Acknowledge the potential consequences of management strategies that neglect employee welfare.

Distinguish between effective and ineffective management practices within organizational behavior.

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Definitions:

Business-Generated Revenue

Income that a company earns from its activities, typically from the sale of goods or services to customers.

Sole Proprietorships

A business structure owned by one person, where there is no legal distinction between the owner and the business entity.

Partnerships

A lawful business structure involving two or more people who divide both the management responsibilities and the profits.

Chapter 7 Bankruptcy

A legal process through which individuals or businesses can discharge their debts when they are unable to make payments to creditors.