Nonprogrammed Decisions Are Made in Response to Situations That Are

question 159

Multiple Choice

Nonprogrammed decisions are made in response to situations that are:

• A) unique.
• B) unstructured.
• C) important to the organization.
• D) all of these
• E) unique and important to the organization.

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Definitions:

External Cost

Costs that are not borne by the parties involved in an economic transaction but are suffered by other members of society.

Free-Rider Problem

A situation where individuals consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production, without contributing to the resource's provision.

Air Pollution

The presence of harmful or excessive quantities of substances, including gases, particulates, and biological molecules, in the Earth's atmosphere, causing diseases, allergies, or environmental damage.

Donations

Voluntary transfers of resources, including money or goods, from one party to another without the expectation of receiving something in return.