Externalities Are Due to Which of the Following

question 98

Multiple Choice

Externalities are due to which of the following?

• A) poorly defined or enforced private property rights
• B) individuals not caring sufficiently about the welfare of others
• C) the choice of a capitalist, rather than socialist, economy
• D) poor information on the part of buyers and sellers

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Definitions:

Feedforward Control

A management technique that involves the collection and analysis of performance data before a task is undertaken, with the aim of preventing future problems.

Controlling

The management function aimed at ensuring actual activities conform to planned activities through monitoring, evaluating, and taking corrective actions.

Controlling

The management function that involves monitoring performance, comparing it with goals, and correcting any significant deviations.

Controlling

The process of monitoring and evaluating performance to ensure that organizational goals are being met and making adjustments as necessary.